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Laws Proposed to Reduce German Energy Costs, Red Tape

The governing German cabinet has drafted legislation to increase Germany’s competitiveness in four key areas.

The draft laws were announced on August 6 and will be submitted to the German parliament for debate.

The proposed legal measures include:

  • lifting the Gas Storage Surcharge (Gasspeicherumlage) to lower prices for businesses, big and small, and individual consumers
  • a law to accelerate the expansion of geothermal energy production, heat pumps and heat storage facilities
  • a law to “simplify, de-bureaucratize and accelerate” the expansion of offshore wind energy and electricity networks
  • changes to energy industry regulations to better protect consumers against disproportionate price increases, promote “energy sharing” and accelerate the rollout of smart power meters.
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