Germany's new coalition government, formed by the CDU/CSU and SPD, has committed to cutting high electricity costs, which rank among the highest in Europe. The proposed changes include reducing grid fees and taxes, which could lead to significant savings for households. For instance, small households consuming around 3,000 kWh annually may save approximately €150 due to a forecasted price drop of 5 cents per kWh. Automatic savings from reduced electricity taxes could also provide savings of about €70, benefiting consumers directly through lowered bills without extra action required on their part.
With the new government plans aiming to cut electricity costs by reducing grid fees and taxes, households can expect a significant drop in energy bills.
The planned reduction of electricity taxes to the EU's minimum could save a typical household about €70 per year without requiring any action from the consumer.
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