Energy subsidies come at huge cost for German economy – media ...News

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Energy subsidies come at huge cost for German economy – media
Berlin is expected to spend $18 billion on electricity subsidies through May A financial aid package aimed at helping German businesses and households deal with the energy crisis will cost the federal government more than €16.6 billion ($18 billion) by the end of May, a document seen by Reuters shows. Berlin is expected to spend some €14.5 billion ($15.75 billion) to set an electricity price cap, and an additional €2.14 billion ($2.33 billion) on subsidizing transmission network costs over the next two months, according to a document signed by Finance State Secretary Florian Toncar, addressed to parliament’s budge

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