Germany Plans To Lower Electricity Prices
Sep 16, 2019
Germany plans to reduce electricity prices by reducing the addition of renewable energy
In recent years, wholesale electricity prices in Germany have been decreasing year by year, but the increase in surcharges, taxes and electricity grids has caused residents and industrial electricity prices to continue to rise.
According to EU data, the German residential electricity price reached 0.3 Euro/kWh in 2017, and the industrial electricity price exceeded 0.14 Euro/kWh, setting a record for the EU's highest electricity price. The EU's average electricity price is the residential electricity price slightly lower than 0.2 Euro/kWh, and the industrial electricity price is slightly lower. At 0.1 Euro / kWh. The German news agency published a message in the German Business News that the Minister of Economy and Energy will negotiate with the national climate cabinet to reduce domestic electricity prices.
The Minister of Economy and Energy said that high electricity prices have brought enormous competitive pressure to hundreds of thousands of companies, and the federal government hopes to ensure that electricity prices are affordable while the energy transformation is successful.
The German Industry Association wrote that the proposal made by the Coal Transition Committee was a holistic proposal and that the government did not adopt it. The government has focused its work on legislation to phase out coal, claiming that the government is powerless to reduce electricity prices.
The Minister of Economy and Energy responded by saying that more than 50% of the electricity bills paid by German residents and small businesses are taxes and surcharges. It is recommended to reduce the electricity tax. (Note: taxes on consumption of electricity are also called in Germany. Reduce electricity prices for “ecological taxes”, grid costs or renewable energy.
Polls show that although Germany's electricity prices have ranked first in Europe, most German citizens still have confidence in the energy transformation plan, which is considered to be beneficial to economic development on a macro level. However, it has also been pointed out that the cost of the German energy transition is not fair enough for the average wage class, the enterprise and the rich.
Editor: Kiko Lee
Mail: kiko@wanhos.com
