The German parliament has agreed to extend the plan to ease the burden of high energy prices on consumers until the end of March, DPA reported.
The German Bundestag has approved the extension of measures to cap gas and electricity prices, which were due to expire at the end of December 2023, until the end of March 2024.
Members of parliament rejected an extension until the end of April 2024. According to the Bundestag’s energy committee, the European Commission, whose approval is needed to pass the measures, has indicated it will only allow an extension until the end of March.
The electricity and gas price caps were introduced in March and retroactively covered January and February. This was intended to protect consumers in Germany from financial strain caused by the sharp rise in energy prices as a result of Russia’s war in Ukraine.
Prices are capped for the majority of private household consumption – at 40 euro cents per kilowatt hour for electricity and 12 euro cents per kilowatt hour for gas.
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