{"id":334320,"date":"2024-02-08T12:32:29","date_gmt":"2024-02-08T11:32:29","guid":{"rendered":"https:\/\/www.eunews.it\/2024\/02\/08\/bce-aiuti-contro-caro-energia-fino-a-2026\/"},"modified":"2024-02-12T17:10:47","modified_gmt":"2024-02-12T16:10:47","slug":"ecb-support-against-high-energy-in-force-until-2026","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2024\/02\/08\/ecb-support-against-high-energy-in-force-until-2026\/","title":{"rendered":"ECB: “Support against high energy prices in force until 2026”"},"content":{"rendered":"

Brussels – Aid to households and businesses will continue until 2026 <\/strong><\/strong>due to the increasing utility bills<\/strong>. There will be a gradual reduction of the support measures launched due to the energy crisis following the Russian-Ukrainian conflict, but they will not disappear for another two years.\u00a0\u00a0In a specific section\u00a0of the Economic Bulletin dedicated to the subject<\/a>, the European Central Bank tries to take stock of the situation. These are projections based on a conservative scenario,\u00a0without considering new shocks in a global context still\u00a0characterized by high uncertainty due to a conflict in the Middle East that risks expanding in the region\u00a0and the ongoing\u00a0war between Russia and Ukraine. The situation, however, should improve, based\u00a0on available data and conditions:\u00a0\u00a0around\u00a0two-thirds of the support measures for households and businesses to combat high energy prices in force in 2023 are expected to expire in 2024 and another 20 percent in 2025<\/strong>.\u00a0This means that\u00a0the share of subsidies in proportion to\u00a0total support\u00a0“should decrease significantly in 2024 and will be negligible from 2025.” But this does not mean that the measures designed to combat high utility bills affecting consumption and production will disappear, as “the remaining measures are projected to stay\u00a0in place in 2026.”<\/p>\n

In any case, they will be minimized, ending the burden on the public accounts of eurozone member states at a time when\u00a0several players, including the ECB itself, call for national fiscal consolidation of public accounts, put to the test first by the COVID-19 health crisis and\u00a0by geopolitical tensions. In that sense, the good news is that lower energy prices have reduced the pressure on governments and the impact on government deficits and debt.<\/p>\n

The ECB revised “downward” its projections for the cost of support\u00a0to households and businesses for 2023. As energy prices are lower than projected at the beginning of 2023,\u00a0<\/strong>the direct consequence, especially in accounting, is that this downward parabola in energy costs has made these measures less costly\u00a0by about half a percentage point of<\/strong>\u00a0Gross Domestic Product. The central bank\u00a0estimates that these measures in response to high energy\u00a0bills will amount to 1.3 percent of GDP in 2023, down from\u00a01.8 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a specific section of the Economic Bulletin, the European Central Bank sees the withdrawal of “about two-thirds” of public support measures for households and businesses in 2024, but some will remain for at least two more years<\/p>\n","protected":false},"author":494,"featured_media":269996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705],"tags":[26112,25866,26151,25828],"class_list":["post-334320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bce-en","tag-energy-en","tag-bank-central-en-en","tag-eurozone-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/334320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=334320"}],"version-history":[{"count":8,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/334320\/revisions"}],"predecessor-version":[{"id":335577,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/334320\/revisions\/335577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/269996"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=334320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=334320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=334320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}