Energy watchdog CREG argues for temporary severance pay for fixed energy contracts

That is why the CREG now proposes to temporarily reintroduce this severance payment in these exceptional times. To be reintroduced indeed, because such a fee is not new at all. This also used to exist until it was banned by law in 2012, to make it easier for customers to switch suppliers.

But at the current prices and the associated risks, a notice period of barely one month seems too generous for the customer. That is why the CREG wants to create a playing field in which not all risks lie with the supplier. By reintroducing a termination fee, the customer will commit to cancel their contract or pay a fee if they cancel their contract, the watchdog argues.

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