Energy Crisis Plan
When energy prices soared to historic records, EnergyVision sprang into action. We rolled out an Energy Crisis Plan to get us all through the winter.
01
We envisage an investment budget of
EUR 100 million.
We set aside an investment budget of EUR 100 million for the development of solar projects for energy-intensive companies that do not have enough roof space to install solar panels. We will install solar projects, both on rooftops and on the ground, and will divert this energy on a one-to-one basis to these companies, who can buy it at a low, fixed price.
We lowered the prices of our EnergyHome offer for households in Flanders. After we install free solar panels, households can then buy the electricity at a fixed price (EUR 0.20/kWh all-in) or at a variable price (30% lower than the customer's current energy tariff). Our prices are cheaper than the social discounted rate for electricity and, what's more, our contracts can be cancelled on an annual basis.
02
We reduced the prices of our EnergyHome offering.
03
We guaranteed a fixed price that is long-term.
For all our industrial customers with whom we installed solar panels, we guaranteed a fixed price that would stay fixed for the long-term. Even as energy prices goes through the roof, and even as the banding factor falls to zero, we still maintain the same fixed, predictable tariff (with a maximum annual price increase of 2%, with no link to fluctuating energy prices or inflation).
We reiterated our July call for the sector as a whole to utilise surplus profits to address the major societal challenges posed by energy prices. As a company, we only make surplus profits on the energy we feed back into the grid, which is limited to less than one per cent of our consolidated annual revenue. It is not normal or healthy that, in the summer, we could feed our surplus energy into the grid at EUR 400 per MWh minimum, instead of EUR 40 at most.
04
Call to use excess profits to address social problems caused by energy prices.
05
Helping as many businesses and families as possible get through the energy crisis.
We are committed to doing everything we can to help as many businesses and families get through the energy crisis as possible. Our top priority is the most vulnerable groups. In Brussels, our Brusol programme focuses primarily on disadvantaged families and small roofs, while in Flanders, we worked with ASTER to scale up as much as possible, delivering as many solar panel-fitted social housing properties as possible before the spring of 2023.
We launched initiatives to help our employees get through the winter. In Flanders, we did not have a licence to supply energy to households. However, we did ask the Flemish regulatory authority (VREG) to make an exception so we could do this for our employees, which was granted. All our employees received a three-year energy contract from us, whereby electricity can be purchased based on prices from 2019-2020. For this purpose, we deploy our own energy projects and manage this electricity at a fixed cost of EUR 0.10/kWh (excl. distribution and other costs, excl. VAT), depending on our employees' connection points. We also brought forward the indexation of salaries. Instead of taking effect on 1 January 2023, we implemented a full indexation as early as 1 October 2022.
06
We launched initiatives to help our employees get through the winter.
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Editing: Justin Noyez
With the collaboration of: Michèle Adams, Thomas Dauwe, Koen Decourt, Sander Wille, Klaas Michielssens, Maqsud Bilal, Laurens De Greef, Laurien Godfroid
Design and styling: Ilse Maes
Publisher responsible: Maarten Michielssens
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