net_left Phương Thức Thanh Toán
Phương Thức Thanh Toán

Explainer: What are the snags in Germany's gas levy on consumers?

By Markus Wacket and Vera Eckert FRANKFURT (Reuters) - Germany's cabinet agreed late on Thursday to impose a gas price levy on consumers, aiming to help struggling importers...
Explainer: What are the snags in Germany's gas levy on consumers? © Reuters. FILE PHOTO: Pipes are pictured at a gas compressor station in Mallnow, Germany, November 1, 2021. REUTERS/Hannibal Hanschke//File Photo

By Markus Wacket and Vera Eckert

FRANKFURT (Reuters) - Germany's cabinet agreed late on Thursday to impose a gas price levy on consumers, aiming to help struggling importers including Uniper cope with soaring prices due to reduced Russian supply.

The levy aims to share the additional cost of replacing gas from Russia among all users, including households and industrial consumers, with the proceeds available to all companies that need to replace Russian gas.

But there are several hurdles to raising the fees that must be overcome ahead of the winter heating season which starts in October.

Utilities - wedged between importers and squeezed end consumers - fear being stuck with back-breaking costs.

Here are the pitfalls that government and legal sources say lawmakers must address:

COSTS PILE UP FOR CONSUMERS

The government so far expects to impose a levy of between 1.5-5.0 euro cents per kilowatt hour (kWh) on consumers to pay for 90% of the higher cost of wholesale gas, plus an as yet unspecified levy for gas storage.

The first of those alone would cost a four-person household consuming 20,000 kWh up to 1,000 euros ($1,022) extra, before value-added tax and regular seasonal price hikes.

Even before the new measures, annual household gas bills are three times higher than a year ago, prices portal Verivox has calculated.

Suggestions by ruling coalition and opposition policymakers to help low-income households include tax refunds and a possible relaxation of insolvency laws, as seen during the pandemic.

TIME PRESSURE

The government opted for a general levy because companies would likely be sued by customers if they used price adjustment mechanisms.

Customers must by law be notified of the levy six weeks in advance of the proposed Oct. 1 start date, meaning the amount must be set by gas zone operator Trading Hub Europe (THE) by Aug. 15, with utilities mailing consumers by Aug. 19.

Implementing the planned two-pronged levy makes the time frame even tighter.

Given the levy will only be set for three months at a time, reviewing it will require regular and time-consuming administration.

FIXED PRICES

Around one quarter of gas consumer contracts are based on fixed prices, typically for one calendar year. It is not clear if it is possible to charge the levy for the remainder of 2022 in these cases.

The two houses of parliament would have to approve such a move after their summer break ends in September, meaning delays. By law the levy on fixed-price contracts cannot be imposed for six weeks after it is approved, taking its arrival into at least October.

In addition, in the heat sector, consumer groups argue it is unfair that consumers forced to rely on gas-generated heat should be hit by charges while those getting heat from coal or waste power plants won't.

If some consumers were not obliged to pay extra, the burden on the rest would be higher, contradicting the intended effect of sharing out the additional burden of high gas prices.

LEGAL DEMANDS

Utility companies' management and supervisory boards must approve the collection of levies even if it is mandated by the state, which is also time-consuming.

($1 = 0.9778 euros)

Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
11-08-2022 21:05:23 (UTC+7)

EUR/USD

1.0360

+0.0063 (+0.61%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

EUR/USD

1.0360

+0.0063 (+0.61%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

GBP/USD

1.2248

+0.0023 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

USD/JPY

132.12

-0.76 (-0.57%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

AUD/USD

0.7129

+0.0053 (+0.74%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (8)

USD/CAD

1.2734

-0.0039 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

EUR/JPY

136.88

+0.06 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

EUR/CHF

0.9711

+0.0008 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (2)

Gold Futures

1,813.65

-0.05 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (3)

Silver Futures

20.538

-0.204 (-0.98%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Copper Futures

3.6958

+0.0463 (+1.27%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (4)

Crude Oil WTI Futures

92.88

+0.95 (+1.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (11)

Brent Oil Futures

98.30

+0.90 (+0.92%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (10)

Natural Gas Futures

8.431

+0.229 (+2.79%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (5)

US Coffee C Futures

222.95

+2.50 (+1.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Euro Stoxx 50

3,754.45

+5.10 (+0.14%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (1)

Sell (7)

S&P 500

4,246.87

+36.63 (+0.87%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

13,706.20

+5.27 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (3)

FTSE 100

7,468.65

-38.46 (-0.51%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (5)

Hang Seng

20,082.43

+471.59 (+2.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

1,991.90

+21.99 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

IBEX 35

8,383.37

+30.57 (+0.37%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

BASF SE NA O.N.

43.815

-0.630 (-1.42%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (2)

Bayer AG NA

51.65

-0.25 (-0.48%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Allianz SE VNA O.N.

179.06

+0.56 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Adidas AG

172.72

-0.64 (-0.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Deutsche Lufthansa AG

6.574

-0.037 (-0.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

109.98

+0.80 (+0.73%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

8.928

+0.099 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (1)

 EUR/USD1.0360↑ Buy
 GBP/USD1.2248↑ Buy
 USD/JPY132.12↑ Buy
 AUD/USD0.7129Neutral
 USD/CAD1.2734↑ Sell
 EUR/JPY136.88↑ Buy
 EUR/CHF0.9711↑ Buy
 Gold1,813.65↑ Buy
 Silver20.538↑ Buy
 Copper3.6958Neutral
 Crude Oil WTI92.88↑ Sell
 Brent Oil98.30↑ Sell
 Natural Gas8.431Sell
 US Coffee C222.95↑ Buy
 Euro Stoxx 503,754.45Neutral
 S&P 5004,246.87↑ Buy
 DAX13,706.20Neutral
 FTSE 1007,468.65Sell
 Hang Seng20,082.43↑ Buy
 Small Cap 20001,991.90↑ Buy
 IBEX 358,383.37↑ Sell
 BASF43.815↑ Buy
 Bayer51.65↑ Buy
 Allianz179.06↑ Sell
 Adidas172.72↑ Buy
 Lufthansa6.574↑ Buy
 Siemens AG109.98↑ Buy
 Deutsche Bank AG8.928↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,610/ 6,710
(10/ 10) # 1,634
SJC HCM6,620/ 6,720
(20/ 20) # 1,644
SJC Hanoi6,620/ 6,722
(20/ 20) # 1,646
SJC Danang6,620/ 6,722
(20/ 20) # 1,646
SJC Nhatrang6,620/ 6,722
(20/ 20) # 1,646
SJC Cantho6,620/ 6,722
(20/ 20) # 1,646
Cập nhật 11-08-2022 21:05:26
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,797.57+5.850.33%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$93.02-0.04-0.05%
Brent$97.71-1.22-1.27%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.220,0023.530,00
EUR23.475,2124.789,85
GBP27.818,8429.005,24
JPY171,29181,34
KRW15,5318,92
Cập nhật lúc 18:49:20 11/08/2022
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán