Germany offers state relief on gas prices

Germany is taking an unusually direct approach to help companies and individuals get through the short-term price increases for gas and heating currently affecting many countries in the world. It's taking over gas bills for December.
Germany offers state relief

Germany is taking an unusually direct approach to help companies and individuals get through the short-term price increases for gas and heating currently affecting many countries in the world. It’s taking over gas bills for December.

A law to that effect has passed the main chamber of parliament, the Bundestag, and is expected to be approved by the second chamber, the Bundesrat, shortly. The legislation covers private households and small and medium-sized enterprises with an annual gas consumption of up to 1.5 million kilowatt hours.

Those groups are also eligible for one-off state payments to help cover heating costs. The program is part of the government’s ongoing efforts to check price rises for gas, heat and electricity. It follows the recommendations of an expert committee made on October 31.

“This innovative solution shows that the German government is capable of responding quickly to the current global geopolitical disruptions,” says Robert Hermann, CEO of the state agency Germany Trade & Invest. “It’s a good example of the state working to help businesses and individuals.”

Related articles...
Latest news
What are AI Phones and how they work
Energy saving at home: useful tips to pay less on your bill
China begins military maneuvers around Taiwan three days after pro-independence president Lai took office
Airbag certificates: what they are and how they work
Esplora puts human value at the heart of the trade fair set-up sector
The smartphone of the future will unlock with your breath: here is how

Newsletter

Sign up now to stay updated on all business topics.