Germany Vows Electricity Tax Cut
German Chancellor Friedrich Merz promised to lower electricity taxes for all consumers to the EU minimum. The move aims to address voter concerns and close a credibility gap following last year's abandoned plans. Finance Minister Lars Klingbeil expressed caution regarding its long-term funding.
Germany Chancellor Friedrich Merz pledged on Monday afternoon to lower the electricity tax for all consumers to the EU minimum, cutting rates to 0.05 cents per kilowatt-hour.
