Energy: Germany has the highest electricity prices among G20 countries
Nowhere in the G20 is electricity as expensive as in Germany. An analysis shows why households pay more than twice as much as the international average.
Germany has the highest electricity prices among G20 countries, at 35.6 cents per kilowatt-hour, according to an analysis by Verivox. This is more than double the G20 average of 16.3 cents, and significantly higher than other major economies such as France (23.3 cents) and the US (18.3 cents). Taxes, levies, and grid fees account for over 60% of the electricity price in Germany, with the remainder made up of costs for procurement, sales, and services.
Verivox energy expert Thorsten Storck says Germany's electricity prices are among the highest worldwide.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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