This is how Germany wants to tackle high energy prices

This is how Germany wants to tackle high energy prices
This is how Germany wants to tackle high energy prices

The German government has reached an agreement on a third aid package to deal with high energy prices. The support measures cost more than 65 billion euros.

It is already the third aid package for German citizens that the government of Olaf Scholz has agreed upon. There will be a successor to the cheap ticket from 9 euros per month for all public transport which proved very popular during the summer. The government is allocating 1.5 billion euros for this. The states also have to agree.

Retirees and students are entitled to a one-off premium of 300 and 200 euros respectively to help them pay their energy costs. The benefits be raised and the child benefits is increased by 18 euros per month for first and second children. The government wants to link certain social benefits to current or expected inflation.

It is also important that the government price ceiling want to introduce for a basic level of energy consumption. As a result, consumers would only have to pay the higher prices if they consume more. By the surplus profits of the energy companies To skim off, the government wants to push down the general price level. To reform the electricity market, Germany is initially looking to Europe, where consultations are planned next week. But if the EU does not intervene in time, Germany is prepared to take the initiative itself to skim off the excess profits and relieve the consumer.

Chancellor Scholz made his point during his press conference that Germany will not have to deal with an energy shortage next winter. The cost of 65 billion euros is more than the two previous aid packages combined. In total, this concerns 95 billion euros. “That’s a lot, but it’s necessary,” Scholz said.

The article is in Dutch

Tags: Germany tackle high energy prices

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