Germany will cap gas prices two months early
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From January, industrial customers will also pay reduced prices, but the maximum price, as in the case of households, will cover part of the average annual consumption. The government wants to encourage customers to save.

Just a week ago, political representatives were talking about the possibility that lower prices for households could start to apply from February and not from March. However, the current proposal of Federal Minister of Economy Robert Habeck sets the start of subsidized gas and heat prices as early as January.

“Citizens as well as small and medium-sized enterprises will receive 80 percent of their natural gas and heat consumption from their suppliers for 12 cents (CZK 2.90) or 9.50 cents (CZK 2.30) per kilowatt hour,” Der Spiegel quoted from the document .

“Industrial customers will receive 70 percent of their natural gas consumption or 80 percent of their heat consumption for seven cents (CZK 1.70) or 7.5 cents (CZK 1.80) per kilowatt hour,” the proposal states.

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The president of the Confederation of German Industry (BDI), Siegfried Russwurm, who as one of the members of the expert commission participated in the proposals for price brakes for gas and district heating, already explained to journalists in October that the difference in prices for households and industry has a reason. According to him, the price for households also includes various fees, while for industry it is free of fees, as these differ in different industrial operations.

Setting a limit for the prices of gas and district heating is the second and long-term phase of the relief, which will be valid until the spring of 2024. The government will proceed with the first step of relief in December, when it will pay households and smaller companies the December advance payments for gas and district heat to compensate them in a one-off manner for their high energy prices.

Germany will finance the compensation from the stabilization fund, which will have 200 billion euros (4.9 trillion CZK) at its disposal. The price of electricity will also be regulated from the fund.

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