German households will have to pay several extra hundred euros a year after a new levy was set to help utilities cover the cost of replacing Russian supplies, piling pressure on Berlin to come up with further relief measures for the public.
Trading Hub Europe, the German gas market operator, said on Monday it had set the charge at 2.4 euro cents per kilowatt hour (kWh) under legislation passed by the German parliament, which had an expected range of 1 to 5 cents.
The levy on gas that is used to heat homes in winter and generate electricity will be imposed from Oct. 1 and will remain in place until April 2024 in a bid to help Uniper – the country’s largest importer of Russian gas – and other importers cope with soaring prices. It will not show up in utility bills until November or December.
Read the full story on Daily Sabah
