# Funds from electricity levy could help German households, says renewables association
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-08-26
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: German households could receive 400 euros amid rising
Meta Description: BEE Renewable Energies Association suggests using 17 billion euro fund to ease financial burden as supply prices soar in Germany.
URL: https://financedigest.com/funds-from-electricity-levy-could-help-german-households-says-renewables-associationhtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2022-08-26t095711z3lynxmpei7p09crtroptp4germany-electricity-economy-1736815357960-compressed.jpg)

BERLIN – A multi-billion-euro account fed by a now-suspended surcharge on electricity prices could be used to provide German households facing high energy bills with 400 euros each in financial relief, according to the head of the BEE renewable energies association.

Germany is looking for ways to help energy companies remain solvent as supply prices have skyrocketed while also ensuring households do not disproportionately shoulder the cost burden.

The surcharge was introduced in 2000 with the aim of using the money to promote the expansion of wind and solar power. It was eliminated in July to cushion the [blow of energy](https://www.financedigest.com/britains-tax-take-risks-blowing-green-energy-off-target.html "Britain’s tax take risks blowing green energy off target") prices.

The surcharge, which was sharply [reduced in recent years](https://www.financedigest.com/thames-water-reduces-bad-debt-11-in-a-year-with-fico-system.html "Thames Water Reduces Bad Debt 11% in a Year with FICO System"), last stood at 3.72 cents per kilowatt-hour per household.

The account, which belongs to [electricity transmission network operators, now holds 17 billion euros ($17 billion) and continues to grow due to the war in Ukraine and the corresponding rise in prices on the electricity market](https://www.financedigest.com/new-suppliers-race-to-plug-in-to-electric-car-market.html "New suppliers race to plug in to electric car market").

Since (the 17 [billion euros](https://www.financedigest.com/telecoms-group-orange-signs-sustainability-linked-refinancing-of-6-billion-euros-syndicated-credit-facility.html "Telecoms group Orange signs sustainability-linked refinancing of 6 billion euros syndicated credit facility")) were paid as a levy by end customers in the past, they should also be given back to them,” BEE head Simone Peter told Reuters. We [propose a one-off payment to all households subject to the levy](https://www.financedigest.com/eu-will-propose-windfall-levies-on-energy-firms-von-der-leyen-says.html "EU will propose windfall levies on energy firms, von der Leyen says") for this purpose.

That would come to about 400 [euros for each of the the 42 million](https://www.financedigest.com/stellantis-to-invest-130-million-euros-in-german-plant-for-new-opel-electric-car.html "Stellantis to invest 130 million euros in German plant for new Opel electric car") households.

The finance ministry referred to ongoing government [talks about a third package of relief measures and would not comment directly on the money](https://www.financedigest.com/more-than-one-in-ten-brits-are-embarrassed-to-talk-to-anyone-about-their-money-issues.html "More than one in ten Brits are embarrassed to talk to anyone about their money issues") in the surcharge account, while the economy ministry declined to comment at all.

($1 = 1.0000 euros)

(Reporting by Markus Wacket; Writing by Miranda Murray; Editing by Toby Chopra)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---