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Germany will reflect rising energy costs to consumers

The details of the application, which will reflect the increasing energy costs in Germany to the consumer, have been revealed. Accordingly, the application will come into effect as of October and will bring an additional cost of 2,419 euro cents per kilowatt hour.

Germany will reflect rising energy costs to consumers

Gas consumers in Germany will pay 2,419 euro cents per kilowatt-hour more, as part of the plan to reflect the country's rising energy costs to consumers after Russia cuts gas flow to Europe.

Trading Hub Europe announced on Monday that the increase will take effect from October. Accordingly, the energy costs of an average family of four will increase by around 500 euros.

From the beginning of the fourth quarter, public institutions will be able to pass on costs to offset the missing Russian supply. Germany was trying to avoid making consumers pay for higher energy costs as a result of Russia's maneuvers in the middle of the war in Ukraine. However, it is evaluated that the authorities are afraid that it may be completely eliminated by Russia at any time and the uncertainties regarding the gas supply leave the authorities no choice.

German Finance Minister Christian Lindner said he will look for ways to exempt the tax from sales tax in an effort to at least partially alleviate the burden on consumers.

According to data from the Federal Network Agency, known as BNetzA, Germany's gas storage facilities are 75 percent full.

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