Verivox analysis: Germany has the highest electricity prices among G20 countries
Business associations have long complained about high electricity prices compared to other countries - and the resulting disadvantages for the location.
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, where a kilowatt-hour costs 23.3 cents, and the US, where it costs 18.3 cents.
A high tax and levy burden is a major driver of Germany's high electricity costs, with over 60% of the price made up of taxes, levies, charges and grid fees. The country's electricity prices are among the highest in the world, according to Verivox energy expert Thorsten Storck.
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.
