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German Gas Levy Could Rise Further As Soon As This Winter

NATURAL GAS

The German gas levy on, designed to help utility companies cover the cost of replacing Russian gas, could change as soon as this winter according to the managing director of Trading Hub Europe the German gas market operator.

  • The initial charge had been set at 2.419 euro cents per kilowatt hour (kWh) earlier this month and is due to come into force from Oct. 1 through March 2024.
  • "Because of dynamic development, I assume that the levy will have to be adjusted as early as this winter," managing director Torsten Frank told Rheinische Post newspaper.
  • "The levy can go down if the situation calms down, but it can also go up if, for example, Gazprom should cut its supplies further or if the companies' forecasts change," he said.
Energy BulletsCommodities
Energy BulletsCommodities

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