Germany’s green energy taxes and levies on electricity have reached their highest level ever and will rise to 44 billion euros in 2020
While wholesale electricity prices in Germany have increased by about 13 percent in 2019, taxes and levies on electricity have reached their highest level ever and will cost German families and consumers a staggering 44 billion euros in 2020.
The rise in electricity prices means that the rather minute reduction in Germany’s renewables surcharge will have no effect on the continuing rise in prices.
Wholesale power prices only account for 25% of the electricity price for consumers, while more than half of their bills is due to taxes, levies and surcharges, which will increase once again next year.