Germany Could Scrap Controversial Gas Fee Burdening EU Neighbours
Zoltán Kottász
December 19, 2024
Central European states complain that the levy hinders their ability to reduce their dependence on Russian gas.
German Chancellor Olaf Scholz announced the end of the gas levy and the introduction of a gas price cap to the tune of €200 billion in loans as a ‘double whammy.’ The minister of finance defiantly called the decision a “crystal clear reply to Putin.”
Germany’s gas levy was meant to help large energy providers in financial distress, but after learning that successful companies who continue to make billions of profits applied for support as well, the levy will be reworked.
