Germany to Scrap Gas Levy for Lower Energy Bills

Germany is looking to reduce energy bills for end consumers by scrapping a fee on natural gas that was introduced during the peak of the energy crisis in 2022.   The German government on Wednesday backed a bill to abolish the so-called gas storage levy, which was intended to cover the higher cost of gas supply after Russian deliveries via pipeline to Germany ended.  All consumers of gas, including households, have had to pay an additional levy, which goes to support Germany’s gas importing companies that were struggling with…