The government promises to pay December gas bill for all households and small businesses amid soaring energy prices
As the impact of the Ukraine war on energy costs across European takes its toll on citizens and businesses, Germany´s government is spending over €300 billion to give its people and industry some relief.
According to a report by BBC on Friday, December 2, over €100 billion has already been spent by the government and the remaining €200 billion has been earmarked for the next months.
The government has also promised to pay the monthly bill of gas in December for all households and small businesses, the report said. The amount to be paid will be calculated by using the average monthly bill in the month of September.
Aside from this, the benefits from the government have also increased after everyone received a onetime payment of €300. The report also said, the German government also plans to impose a cap on gas and electricity bills from January 2023 onwards.
With the new subsidies, small businesses and households will pay a lower rate for 80% of the gas that they use. For electricity also the government plans to charge a lower rate for 70% of the consumption. The report added, the government will also introduce a similar scheme to cap industry bills.
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