Germany to cap power prices – Reuters ...News

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Germany to cap power prices – Reuters
source : Russia Today ( News ) () 34
The price ceiling will affect both households and industrial consumers, the news outlet reports citing a draft regulation Germany is about to introduce a price ceiling on electricity for both households and industrial consumers as part of its latest attempt to tackle the energy crisis, Reuters reported on Tuesday citing a draft document from the German government. According to the report, power prices will be capped at 13 euro cents per kilowatt-hour for industrial consumers for 70% of last year’s consumption, while households will have a ceiling of 40 euro cents per kilowatt-hour for 80% of use. The regulation is

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