Electricity prices have risen sharply in Germany recently. Now there is light at the end of the tunnel: According to plans by the federal government, the EEG surcharge is to be abolished earlier than planned. Electricity prices could fall by more than ten percent.

EEG surcharge: Abolition comes earlier than expected

Actually, the surcharge should continue until the end of 2023 according to the Renewable Energy Sources Act (EEG). Now the federal government is about to turn around: According to new plans, the EEG surcharge abolished much earlier than originally planned. Households are expected to be burdened with it for the last time in June 2022. It will be deleted without replacement on July 1, 2022 (source: Federal Ministry of Finance on Twitter).

If the EEG surcharge is dropped, households, companies and e-car drivers in Germany will all benefit from noticeably lower electricity costs. But the electricity suppliers also have to play their part here. If you pass the reduced prices on to your customers in full, then with a Saving of 10.7 percent from July 2022 to reckon with. According to one estimate, the federal government expects a total relief of around 6.6 billion euros.

The EEG surcharge currently amounts to 3.8 cents per kilowatt hour. It was last reduced by 2.8 cents from 6.5 in October 2021. However, neither households nor companies have been able to benefit from this, because the average electricity price has nevertheless risen significantly since then.

Electricity can also be transmitted completely wirelessly:

EEG levy to promote regenerative energies

The aim of the Renewable Energy Sources Act of 2000 is to promote regenerative energies. In addition to biomass and hydroelectric power plants, this also includes wind power and solar systems. After the elimination of the levywhich is currently still collected via the electricity bill, the development and expansion of non-fossil energy sources should only be financed via the federal budget.