Climate Changed
German Power Price Increases Could Crimp Merkel’s Plans
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Chancellor Angela Merkel’s move to ease the burden of new climate charges on heating and transport by lowering retail power costs just got its first reality check.
Green-energy levies attached to electricity bills are set to rise, pushing up consumer power prices 5% to 6.76 euro cents (7.43 cents) a kilowatt hour next year, the nation’s grid operators said on Tuesday. The move to lift the charge for the first time since 2017 could be a setback to Merkel’s sweeping plans to cut carbon emissions without hurting consumers.