German households pay almost 500 euros more for gas than in the previous year

German households pay almost 500 euros more for gas than in the previous year

The amount of the state gas levy will be 2.419 cents per kilowatt hour. This was announced by Trading Hub Europe, a joint venture of the gas transmission system operators in Germany, on Monday in Ratingen. With the levy, increased procurement costs are passed on by importers to customers.

For a household with a single-family house and an annual consumption of 20,000 kilowatt hours, the additional costs are around 484 euros per year. Added to this is the VAT. However, the German government wants to prevent this from becoming due.

The German Ministry of Economics recently assumed a range of 1.5 to 5 cents per kilowatt hour. The levy applies from the beginning of October. According to the ministry, it will not appear immediately on the invoices, but with a slight delay. For reasons of consumer protection, there are notice periods in the Energy Industry Act of four to six weeks that must be observed. Therefore, the surcharge will probably appear on the bills for the first time in November/December.

“External shock hits Germany particularly hard”

The Economics Ministry sees the levy as a result of the Russian war of aggression in Ukraine. This has drastically exacerbated the already tense situation on the energy markets. Since mid-June, Russia has reduced its gas import volumes to Germany in an unpredictable manner, thereby creating an artificial energy shortage and driving up prices. This “external shock” is particularly affecting Germany, which has so far been heavily dependent on cheap gas from Russia. Many gas deliveries from Russia, which had previously been contractually guaranteed, were cancelled.

Gas importers, however, have delivery obligations to their customers, especially to municipal utilities. The importers can only meet these delivery obligations by replacing the lost quantities from Russia by purchasing significantly more expensive quantities on the short-term market. So far, these additional costs cannot be passed on.

Billion dollar bailout

The result: significant losses have been incurred by importers. That is why the German federal government has agreed on a rescue package worth billions with the utility Uniper – and as part of this also the gas surcharge. This comes in addition to market-related price increases, which gradually reach customers.

The German Finance Minister Christian Lindner (FDP) has asked for an exception at EU level so that Germany does not have to levy VAT on the planned state gas levy. Federal Chancellor Olaf Scholz (SPD) had promised the citizens additional relief in view of the sharp rise in energy prices. Nobody will be left alone.

Source: Nachrichten

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts