BERLIN (AP) — Consumers and businesses in Germany will receive subsidies to soften the blow of higher natural gas and electricity prices starting in January, two months earlier than originally planned, officials said Tuesday.
The move is part of a larger pot of almost 300 billion euros (dollars) in subsidies that the German government is cooking up to address the energy crisis resulting from Russia’s war in Ukraine.
Gas prices for consumers and small-to…
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BERLIN (AP) — Consumers and businesses in Germany will receive subsidies to soften the blow of higher natural gas and electricity prices starting in January, two months earlier than originally planned, officials said Tuesday.
The move is part of a larger pot of almost 300 billion euros (dollars) in subsidies that the German government is cooking up to address the energy crisis resulting from Russia’s war in Ukraine.
Gas prices for consumers and small-to medium-size businesses will be capped at 12 euro cents per kilowatt hour and electricity at 40 euro cents for 80% of their previous year’s consumption. The remaining 20% won’t be subsidized, to encourage consumers to save energy.
Industry and companies with high energy needs will have their gas prices capped
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