Federal cabinet decides on energy price brakes

Olaf Scholz (right) and Robert Habeck

The Federal Cabinet decided on the price caps for gas, electricity and district heating in a circular procedure.

(Photo: IMAGO/image enclosure)

Berlin On Friday, the Federal Cabinet decided on the planned price brakes for gas, heat and electricity. The current versions essentially differ from the draft laws that became known earlier this week in two respects.

On the one hand, the planned skimming off of excess profits will be limited to the period from December 1, 2022 to June 30, 2023, but can be extended to April 30, 2024, as already planned. However, the originally planned retrospective skimming off of excess profits will not take place.

In the first drafts for skimming off profits, which were circulating in October, there was still talk of skimming off excess profits from March 2022. This had led to an outcry in the energy industry.

The second change compared to the draft legislation from the beginning of the week concerns the question of how the relief from the electricity and gas price brake must be taxed by consumers. This question will initially be deferred and regulated separately, government circles said on Friday.

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