Dutch industry pays the price for policy choices


The Dutch heavy industry is experiencing increasing competitive disadvantages due to the abolition of two important subsidies, while surrounding countries continue to support their industries. The indirect cost compensation (IKC) and the volume correction regulation (VCR) have been discontinued. This puts the future of the sector in the Netherlands under pressure, partly due to the significantly higher electricity prices in the Netherlands. The industry points to a loss of one hundred million euros per year due to the scrapping of these regulations, hindering sustainability efforts.

“I haven’t counted it for each company separately, but expect several tens of millions of euros in total, per year.”
Loek Radix, Director of Chemelot