German parliament approves €200-billion energy relief plan

Germany’s parliament, the Bundestag, on Friday backed the government’s proposal of a €200 billion ($195 billion) fund to tackle skyrocketing energy prices.

 

The rescue package aims to help ease the energy crisis for industries and households.

 

According to the government, the fund is set to last until 2024 and will finance energy price caps and subsidies.

 

Private households could benefit from a price cap of 80 percent of their usual consumption starting in March.

 

The price cap for big companies could come into effect as soon as January.

 

Source: Jordan News Agency

Leave a Reply

Your email address will not be published. Required fields are marked *