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Germany leads G20 in electricity costs
Germany has recorded the highest electricity prices among G20 countries, with a rate of 35.6 euro cents per kilowatt-hour, more than double the group's average of 16.3 euro cents. The high cost is primarily due to taxes and fees, which account for more than 60% of the final price. This is one of the reasons why electricity prices in Germany are among the highest worldwide, despite electricity production costs constituting only a third of the price. Economic unions are calling for a reduction in taxes on electricity to help curb the high costs for households and businesses.
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