EnergyWatch

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.

Photo: Annegret Hilse/REUTERS / X06848

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.

”We want to lower the retail prices for electricity on the electricity bill and decouple them from the high prices on the wholesale market,” a spokesperson from the Federal Ministry for Economic Affairs and Climate Action (BMWK) writes to EnergyWatch.

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