- German Economy Minister Robert Habeck on Wednesday announced that the federal government in Berlin would pay the country’s four largest high-voltage energy transmission systems operators (TSOs) €12.8 billion ($12.8 billion) for grid usage fees in a bid to stabilize usage fees that otherwise would have tripled in coming months.
- Grid usage fees are invoiced in monthly electricity bills and constitute roughly 10% of customer costs and 33% of the cost to industrial companies.
- Initial funding for the subsidy will be covered by Germany’s Renewable Energy Act (EEG).
Germany to spend €13 billion on subsidy to cut electric bills 05.10.2022
