In the autumn macroeconomic forecasts, the community executive reflects on the weight that high levels of inflation and the sharp rise in energy prices have had on the risk of energy poverty, placing Portugal as the fifth worst country in the EU - only surpassed by Lithuania, Croatia, Latvia and Romania -, given the pre-existing energy poverty rate and the expected increase in the current situation.
“It is possible to quantify the effect of rising energy and consumer prices on energy poverty, which is defined as a situation in which households do not have access to essential energy services”, with an “increase in energy poverty as a result of the rising cost of living”, states the European Commission in the document.
For this reason, it is even possible to “infer an increase in financial difficulties due to the increase in energy prices”.
In the chapter referring to Portugal, the community executive highlights that “the fiscal policy measures to mitigate the impact of high energy prices, namely in the form of income support and reduction of indirect taxes for both families and companies, are expected to have a budgetary cost of 2.1% of GDP in 2022”.
Portugal was energy poor way before the current war in Europe. As long as there is major corruption in construction, housing will continue to be sub-standard and shoddy. Obviously the Socialists have no interest in improving the housing market - other than to sell over priced villas to gullible foreigners.
By K from Other on 12 Nov 2022, 13:09
Just tell me what was the message of the stupid lady van der leyen who said that Europe was protected for 2022 for gaz and electricity and that Portugal and Spain had an agreement?
By Alain Rak from Algarve on 13 Nov 2022, 17:56