German Energy Industry Looking to Pass Extra Costs to Customers

Germany’s energy industry wants the government to help with the rising cost of finding replacement gas supplies as the disruption to Russian supply through Nord Stream continues.

• Companies are urging the government to impose a levy to pass the costs on to households and businesses according to gas industry group Zukunft.
• They want a levy on consumers so that companies can be reimbursed for the extra costs associated with replacing missing Russian gas flows.
• In the proposal backed by the industry, Trading Hub Europe, would take on surcharges traders have to pay and pass them on to consumers in their energy bills.
• Germany have already triggered the alarm stage phase 2 of their emergency gas plan with an option to pass extra cost on to customers. The government has so far held off any price adjustments.