Sunday, February 5, 2023

Germany introduces gas levy amid energy price crisis

The charge was intended to help German gas importers who were having to buy more expensive gas from suppliers outside Russia and suffering huge losses.

• August 15, 2022
Cooking Gas
Cooking Gas

Energy bills in Germany are set to rise higher later this year after the announcement of a state levy on gas for consumers of 2.4 cents (2.45 U.S. cents) per kilowatt hour.

High energy prices have become a dominant political topic in Europe’s largest economy as the cost of living skyrockets due partly to the war in Ukraine and dwindling gas supplies from Russia as the weather turns cooler.

The size of the levy was revealed on Monday by the so-called market area manager for Germany Trading Hub Europe, a body set up by the various gas distributors in the country.

The charge was intended to help German gas importers who were having to buy more expensive gas from suppliers outside Russia and suffering huge losses.

The levy would formally come into effect from October 1 but was not expected to affect gas bills until November or December due to regulations protecting consumers from price changes.

The higher levy on energy which would come to about €484 for the average household, is set to push inflation higher still.

Although the German government is planning to forego sales tax on the gas levy to cushion the effect on consumers.

Economy Minister Robert Habeck had told consumers before Monday’s announcement that they should expect energy bills raised in the region of “several hundred euros per household’’.


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Flooding in Bayelsa


Rainy Season: Edo, Delta, Bayelsa express readiness to mitigate flooding

The Nigerian Meteorological Agency says Nigerians would suffer flash and riverine flooding in 2023, especially those living in floodplain areas.

Heavy food


Eat less hot, heavy food during hot season, expert warns Nigerians

The expert said eating hot foods could compound situations for the body, whose temperature is often high during the period.

POS machine


Kaduna Internal Revenue Service insists on e-payment in public hospitals

KADIRS said that it would soon provide more Point of Sale (PoS) terminals in all public hospitals to ease payment of revenue.

Johnson Suleman


Apostle Suleman tasks Nigerians on photo, video evidence to forestall rigging of 2023 elections

The clergyman said to protect their votes, Nigerians must take photos and record events at their polling units.

Isaac Kekemeke, APC National Vice-chairman for South-West


Tinubu’s presidential bid is divine project; cannot be truncated, APC chieftain boasts

APC Vice-chairman for South-West, Isaac Kekemeke, said Nigerians with deep thought sees the hand of God in Mr Tinubu’s aspiration.

Charles Udoh, Akwa Ibom Commissioner for Environment and Mineral Resources


Akwa Ibom accuses FG of refusing to release ecological funds

The state said it had made several failed attempts to get the attention of the ecological funds office.