Germany Slashes Energy Surcharge to Help Consumers Weather Soaring Prices

Germany Slashes Energy Surcharge to Help Consumers Weather Soaring Prices
Electricians work atop a power pole near the lignite power plant in Neurath of German energy supplier and utility RWE, Germany. Wolfgang Rattay/Reuters
Reuters
Updated:

FRANKFURT—Germany will cut a power surcharge levied on consumers to support renewable energy by 42.7 percent to help households cope with soaring energy prices, network operators said on Friday.

Germany and other governments in Europe are seeking to provide relief for consumers as gas prices skyrocket.