German Economy Minister Robert Habeck warned that failure to impose gas duties to help utilities cover the cost of replacing Russian supplies would lead to the collapse of the energy market in his country, pointing out that “the alternative is the collapse of the German energy market and with it. “a large part of the European energy market.
In order to support gas importers in Germany, consumers will have to pay more for gas from next autumn, and the amount of the surcharge will be about 2.4 cents per kilowatt-hour, and the average increase in the cost of a family house with annual gas consumption will be 20,000 kilowatt-hours, approximately 484 euros in year.
German Chancellor Olaf Scholz earlier vowed to launch a new relief package for German citizens, announcing gas tariff hikes by October next year, on top of nearly 50 years of record inflation.
Due to tensions over Russia’s military operation against Ukraine and the resulting Western sanctions, Russia has cut natural gas supplies to several European countries, including Germany.
Source: El Nashra