According to a press release, the EEG levy will be abolished six months ahead of the originally planned date in order to provide relief to electricity consumers amidst rising energy costs further impacted by the war in Ukraine and reductions in Russian gas.
This will translate into German household savings of roughly 300 Euros per year. Therefore financing of renewable energy installations will instead be paid by the Federal government from its Energy and Climate Fund (EKF) which also receives revenues from t…
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