Luxembourg city energy storage power sales

Why does Luxembourg have a low energy cost?

The low costs of energy in Luxembourg and the high purchasing power of its residents represent a significant barrier to achieving the energy sector targets. Low taxes result in low electricity, natural gas and heating oil prices providing little incentive to invest in renewables and energy efficiency.

Is Luxembourg a good place to invest in energy?

This is especially true for the transport sector, which in 2017 accounted for 54% of energy demand and 65% of non-ETS GHG emissions. 1 Luxembourg’s low cost of energy and the high purchasing power of its consumers are also a barrier, as they limit interest to invest in renewables and energy efficiency.

Why does Luxembourg have low fuel prices?

Luxembourg has low electricity, natural gas and oil fuel prices, primarily due to low energy taxes. Low fuel prices encourage transiting freight trucks and the 200 000 daily foreign commuters to fuel their vehicles in Luxembourg. These non-resident drivers are responsible for around two-thirds of Luxembourg’s transportation fuel consumption.