Germany Raises Gas Storage Levy Amid Political Standstill
- Storage fee will rise to €2.99 a megawatt-hour next year
- Germany had planned to scrap fee after facing criticism
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Germany’s natural-gas market manager said it will raise a storage fee that may make it more expensive for central European countries to obtain fuel unless parliament passes a law in time to scrap it.
The fee — which is used to cover the costs of refilling storage sites — will rise to €2.99 ($3.16) a megawatt-hour from Jan. 1, Trading Hub Europe said. Berlin was trying to pass a law to abolish the levy at cross-border points next year after neighboring countries said it made shifting away from Russian gas more costly, but those efforts have been complicated by the implosion of Germany’s ruling coalition.