Media: German authorities spent about €31bn on measures to limit gas and electricity prices
The DPA agency, citing the German Economy Ministry, reported that the German authorities spent €31.2bn on implementing measures to limit prices for gas, electricity and heating, TASS reports
According to the agency, the German budget has allocated €83.3bn to curb prices this year. However, at present, prices for new clients are usually lower than expected. It is noted that price restrictions are especially beneficial to clients who entered into an expensive contract in autumn 2022 and still could not or did not want to adjust it.
In late November 2022, the German government approved measures to limit prices for gas, electricity and heating for private households and small and medium-sized businesses whose consumption is less than 1.5GWh per year. The cost of gas for them should be up to 12 cents per kilowatt-hour, for electricity – up to 40 cents per kilowatt-hour. For district heating, the price is limited to 9.5 cents per kilowatt-hour.
