German Coalition Agrees on Package to Offset Rising Energy Costs

High voltage power lines near the Lippendorf lignite-fired power station, operated by Lausitz Energie Bergbau AG (LEAG), in Lippendorf, Germany, on Wednesday, March 2, 2022. European energy prices soared after Russian forces invaded Ukraine, prompting Western governments to vow further sanctions to punish Moscow. (Krisztian Bocsi/Bloomberg)

Birgit Jennen, Bloomberg News

BERLIN
EnergiesNet.com 03 24 2022

Germany’s ruling coalition reached a deal on a second package of measures to ease the burden on consumers and businesses from soaring energy costs, news agency DPA reported.

Officials from Chancellor Olaf Scholz’s Social Democrats, the Greens and the pro-business Free Democrats agreed on a “comprehensive” package after all-night talks in Berlin, DPA said, citing unidentified sources in the coalition. Details will be published later on Thursday, it added.

A first set of relief measures included subsidies for low-income households and an increase in an allowance for commuters.

bloomberg.com 03 24 2022

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