Germany to detach gas and wind prices
In a note to EnergyWatch, the German Federal Ministry of Energy confirms planning an extensive power market reform to prevent record-high natural gas prices from setting the end cost for rate payers. The plan firstly entails a special tax on power producers.
BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN
As Europe’s energy crisis intensifies, nations are increasingly looking for ways to patch all the holes – heating compensation, suspended electricity tariff, political stirrings about reducing power export to neighbors. Germany’s federal government is now exploring a far deeper-reaching intervention: changing the very way electricity is billed in the European energy market.
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