Germany Slaps Levy on Households to Spread Pain of Gas Surge
- Government allows industry to pass on prices to consumers
- Finance Minister Lindner attempting to exempt levy from VAT
A partially lit hotel at night in Frankfurt, on July 27.
Photographer: Ben Kilb/BloombergThis article is for subscribers only.
Germany’s government said households will face additional annual costs of about 290 euros ($296) to pay for natural gas as the burden of Russia’s squeeze on energy flows to Europe is redistributed.
From October, consumers will have to pay an extra 2.419 euro cents per kilowatt hour for natural gas, Trading Hub Europe said in a statement Monday. The blow of the temporary levy will be softened by subsidies for some households.