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Green Poverty: Germans Face €44 Billion Bill For Electricity Alone In 2020

Germany’s green energy taxes and levies on electricity have reached their highest level ever and will likely stand at 44 billion euros in 2020

More than 340,000 German households had their electricity turned off last year because they couldn’t pay their electricity bills.  A mother is sitting with her son in her darkened apartment in Hanover (Source: DPA)

While wholesale electricity prices in Germany have increased by about 13 percent in 2019, taxes and levies on electricity have reached their highest level ever and will cost German consumers a staggering 44 billion euros in 2020.

The rise in electricity prices means that the planned reduction in Germany’s renewables surcharge will have no effect on the continuing rise in prices. 

Wholesale power prices only account for 25% of the electricity price for consumers, while more than half of their bills is due to taxes, levies and surcharges, which will increase once again next year.

Full post (in German)

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November 29, 2019 at 04:35AM

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