The Luxembourg government's energy price solidarity measures, implemented following the March 2022 tripartite agreement, have cost approximately €332 million, significantly impacting state finances and VAT revenues.

The solidarity measures agreed in the context of the March 2022 tripartite to address rising energy prices have cost the Luxembourg government around €332 million so far. This information was revealed by Economy Minister Lex Delles in response to a recent parliamentary enquiry from MP Georges Engel of the Luxembourg Socialist Workers' Party (LSAP).

Until May 2024 alone, half a dozen of these measures have cost €151 million, covering price caps on electricity and gas. These measures are set to expire at the end of the year. Parallel to these measures, the VAT revenues for the state have decreased to €308 million for fuel oil and gas, compared to €413 million in 2022. The VAT revenue on gas has dropped from €71 to €41 million.

Furthermore, as a Creos shareholder, the state receives a dividend of almost half a million euros per year. For 2024, a dividend of €20 million is also expected from the ENCEVO energy provider.