Austria and other EU countries have repeatedly criticized Germany’s gas storage tax, saying it makes purchasing non-Russian gas more expensive. According to German State Secretary Sven Giegold (Greens) in Brussels, this will be abolished at border crossings as of January 1, 2025. First of all, it will be increased again in July.
Austria and other countries have repeatedly criticized Germany’s gas storage tax. Germany now wants to abolish it by early 2025. German State Secretary for Economic Affairs Sven Giegold (Greens) announced this to journalists in Brussels on Thursday. The levy should therefore no longer be levied at border crossings, but will continue to apply domestically.
Abolition from January 1, 2025
The planned increase in the gas storage levy from July 2024 from the current EUR 1.86 to EUR 2.50 net per megawatt hour will still take place. This is what the existing law stipulates. Giegold explained that the gas storage tax at the borders will not be abolished until January 1, 2025, citing the duration of the necessary legislative process.
The levy is added to the gas price and, according to Germany, serves to guarantee minimum filling quantities in the gas storage facilities there. The levy was introduced in 2022 due to the Russian attack on Ukraine and its impact on the energy market.
Source: Krone
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