Home MOREBUSINESS & ECONOMY German households face gas levy in October

German households face gas levy in October

by asma
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German households will have to pay hundreds of pounds more a year for gas under a levy to help energy companies cover the cost of replacing Russian supplies. Trading Hub Europe, the German gas market operator, said on Monday it had set the charge at 2.419 euro cents per kilowatt hour (kWh).

Before the Ukraine war, Germany imported more than half its gas from Russia.

Germany already has amongst the highest household gas bills in Europe.

The government said the move was necessary to prevent the collapse of the German energy market.

Ministers have promised the levy, which will be imposed from 1st October and remain in place until April 2024, will be accompanied by additional support for households.


Image: By CARLOS534 – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/…


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