Scholz will put a ceiling of 12 cents on the price of gas for homes and SMEs
The german government hope to set a gas price cap for homes and small and medium-sized businesses with consumption of less than 1.5 gigawatts/hour per year of 12 cents per kilowatt/hour and 9.5 cents in the case of heating, according to the plan discussed by the chancellor, Olaf Scholz , and the regional presidents.
The federal and regional governments thus endorse the proposal of the commission of experts for its introduction in March of next year and until April 2024, although they aspire to apply the brake on the price of gas retroactively to February. East Regular monthly relief for consumers is calculated on 80% of the previous year’s consumption. Currently, the prices of new gas supply contracts stand at an average of 21 cents per kilowatt hour.
The commission of experts that advises the Government estimates that the brake on the price of gas for homes and SMEs will require a financing of about 33,000 million euros. With regard to industry, the cap on the price of gas will be introduced in January of next year and until April 2024 and will reduce its cost to 7 cents per kilowatt hour (net) for a basic quota of 70% of consumption company history.
In this case, the commission of experts estimates the necessary financing at around 21,000 million euros. To cover the period until the introduction of the gas price brake for households and SMEs in March 2023the Government will assume as immediate aid the amount of the installment payment for gas and urban heating corresponding to December.
“Immediate help is coming! Gas customers do not have to make the installment payment in December. The federal government bears the costs. Today we have decided in the council this extra step to cushion energy prices“, announced the chancellor through Twitter. Also in the case of electricity there will be a cap of 40 cents per kilowatt hour from January next year for a basic quota of 80% of the annual consumption forecast for homes and SMEs.
To finance the brake on the price of electricity for homes and SMEs, between 23,000 and 33,000 million euros will be necessary. As far as industry is concerned, the price of electricity will be capped at 13 cents per kilowatt/hour for 70% of the previous year’s consumption. At the same time, what is necessary will be done so that network fees do not increase in 2023. The resources necessary to finance the cap for the industry are between 30,000 and 36,000 million euros, according to current estimates.
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