Germany Will Scrap Its Controversial Gas Storage Levy in 2025
- Ending levy in January will need change in law, Giegold says
- A planned hike in the levy in July will still take place
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Germany will scrap a gas storage levy at its border from January 2025 after central European states like the Czech Republic said it harmed their efforts to ditch Russian gas by making the fuel pricier.
The end of the levy will need a change to the law, according to Sven Giegold, Germany’s state secretary for economic affairs and climate action. The country introduced the charge at the peak of Europe’s energy crisis in 2022 after Moscow curbed its pipeline gas flows and Berlin had to spend billions of euros to fill its storage facilities.