Overview

• Cabinet decision ends the Gasspeicherumlage by end-2025 and shifts its annual €3.4 billion burden to the Climate and Transformation Fund
• Removal of the levy will save gas customers roughly €30 to €60 per four-person household each year
• The government’s electricity tax reduction applies only to industry and agriculture, leaving private consumers excluded
• Union and SPD parliamentary groups are negotiating to secure about €5 billion annually in the budget to extend electricity tax cuts to all consumers
• A draft electricity surcharge to underwrite a 20 GW gas-fired reserve by 2030 is underway, with rate details still to be determined