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Germany imposes a new gas levy of 2,4 cents, prompting concerns about rising inflation


Germany’s new gas levy, which is slated to go into effect on 1 October, will be set at 2.419 cents per kilowatt hour (ct/kWh). The government imposed the tax to prevent importer bankruptcies and market distortions on a massive scale. Furthermore, the tax is to compensate importers for the additional costs associated with the expensive, short-term acquisition of alternative gas due to the reduction in Russian supplies. Since the beginning of the conflict in Ukraine, gas importers have been confronted with fast rising prices, and the situation is particularly challenging for suppliers with a large number of long-term clients who are contractually entitled to receive gas at fixed rates.

By addressing the gas tax directly in a Twitter post, Chancellor Olaf Scholz attempted to allay concerns about rising prices. “Things are growing more expensive – there’s no denying it,” Scholz said, adding that the government will increase its existing 30 billion euro assistance package. Nobody will be left alone with these increased prices.

Robert Habeck, minister of the economy and climate, stated that the fee would be supplemented by “targeted relief measures” for individuals struggling to pay rapidly growing energy costs. A Green Party member stated, “The administration has agreed to first measures, such as an increase in the living allowance and a heat support.” He also stated that the state should not collect extra money from the VAT on the levy. Habeck emphasized that the action had become essential due to Russia’s invasion of Ukraine and the “artificial energy scarcity” established by Russia’s government, which had curtailed gas flows through the vital Nord Stream 1 pipeline “without good technical reasons.”

The levy will be in place from October 2022 to April 2024. The tariff could be changed “to match actual costs” to gas importers every three months. In Germany, gas heating is standard in nearly all dwellings. The new levy will consequently touch millions of people, and the government has stated in recent weeks that it will increase annual household costs by “a few hundred euros.” According to the price comparison website Verivox, the tax would add 580 euros to the average family’s annual gas bill, bringing the total to 4,144 euros per year.

The industry lobbying group VIK stated that the tax would “directly imperil” numerous industrial companies, particularly small and medium-sized businesses (SMEs). “Especially those companies who are unable to pass on costs will be affected severely,” said Christian Seyfert, head of the VIK, referring to companies that compete on global markets or are tied by long-term supply contracts. Germany as a commercial destination for energy-intensive industries would be “very vulnerable” if current trends continued unabated.

According to analysts, a tax might cause inflation to exceed 10 percent by the end of the year. According to the business journal Handelsblatt, citing data from the economic research firm IMK in Düsseldorf, the tax could also increase inflation. Once the tax discount on fuels and the nine-euro public transportation ticket expire at the end of August and the new gas levy is implemented in October, the inflation rate (7.5 percent in July) might soar to more than 10 percent, according to Handelsblatt.

The federal government has sought the European Commission for permission to waive value-added tax (VAT) on the new levy in an effort to alleviate the load. According to the calculations of Verivox, this would reduce the additional cost to 484 euros. According to Handelsblatt, German finance minister Christian Lindner noted in a letter to EU economy commissioner Paolo Gentiloni that the value-added tax (VAT) on state levies is driving up costs and meeting rising hostility from the general populace.

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BDEW, an energy sector organisation, stated that the government might temporarily decrease the value-added tax (VAT) on oil and gas from 19 to 7 percent, stating that additional cost-reduction measures for people and businesses are “essential.” It cautioned that additional price increases are imminent and maintained that the government will profit from higher VAT receipts owing to inflation. The ultimate size of the additional cost for customers will also depend on how energy firms handle the tax on an individual basis. RWE and Shell, for instance, have stated that they will first cover the increased expenses themselves.

Climate change concerns, ongoing shortage of gas, fear of unemployment and the energy crisis in general are having a ripple effect throughout the entire world, and it poses a risk of both recession and an additional wave of inflation. But thankfully, there is still hope for Germany and the rest of the world because the time and effort put in by a large number of highly motivated and creative energy specialists and scientists from all over the world to fight Climate change and make the renewable energy future a reality will not go unnoticed. People like those working at The Neutrino Energy Group, who have been putting in a lot of effort to improve their neutrinovoltaic technology in order to support the energy that is now provided by wind farms, solar arrays, and other sustainable energy projects. a one-of-a-kind supply of energy that, in the years to come, will fundamentally alter the way in which we think about renewable sources of power.

Even though the sun and the wind are all free sources of energy in and of themselves, the cost of collecting, processing, and storing solar and wind energy may be rather significant in the beginning. During the process of installation and initial setup, you will be required to pay for various components, such as solar panels, wind turbines, inverters, batteries, and wiring. Furthermore, they take up a significant amount of space, and the process by which they generate electricity is profoundly influenced by the elements of the surrounding environment. and that is where Neutrino Energy comes into play.

Neutrino Energy ‘s potential is limitless; for instance, neutrinovoltaic cells do not encounter the same hurdles as other renewable energy sources in terms of efficiency and reliability. Continuous neutrino energy production is possible even when the sun isn’t shining and the wind isn’t blowing. This is a huge advantage, since it allows the technology to produce power continuously, 24/7, throughout the whole year. Due to the fact that neutrinos pass through almost all man-made and natural materials with little resistance, neutrinovoltaic devices may be deployed both inside and outdoors, as well as underwater. Neutrinos continue to bombard the Earth independent of climatic circumstances, making neutrinovoltaic technology humanity’s first fully sustainable energy innovation.

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And here is another cool fact about neutrino energy: it’s an energy source that doesn’t require energy storage systems. Neutrinovoltaic technology offers the potential to alleviate the burden of renewable energy sources that rely on storage, even on a small scale. Even if neutrino energy satisfies just 10 percent of a renewable power grid’s entire energy demands, it still eliminates the need to store 10 percent of that system’s electricity in batteries. Decentralization is the essence of neutronovoltaic technology’s attractiveness. Its Cells can be integrated directly into mobile phones, appliances, automobiles, and other energy-consuming equipment, therefore making it unnecessary to store or squander power by transporting it across the city.

However, the energy sector isn’t the only one profiting from neutrinos’ limitless potential; the electro-mobility business also benefits greatly from them. While the bulk of electric vehicle users still get their power from a wall outlet, anything powered by neutrinovltaic technology receives its power from the environment. No one has been interested in this kind of energy until now since the internal combustion engine was not intended for it, but for an electric automobile, the ambient energy is like a constant fuel pump, an unlimited cosmic ray surge from the sun, light, neutrinos, and other invisible radiation.

The Car Pi project is a resounding success thanks to the respected Neutrino Energy Group in Berlin, Germany. The company is working hard on developing, constructing, and manufacturing the Car Pi into a one-of-a-kind car that draws its energy simply from the environment—completely independent of the “dishonest” electricity that comes from the combustion of fossil fuels. Making this invention one of the most ambitious tasks ever undertaken by mankind, and it is getting closer to becoming a reality.

This remarkable vehicle generates its own energy by utilizing neutrinos and other non-visible radiations, making it the world’s first automobile that does not require recharging at a standard charging station, instead pulling what it requires to circulate eternally, whether driving or simply sitting motionless. Depending on the situation, just leaving the car outside for an hour can give it up to 100 kilometres of range.

Electric cars are not the only ones that will benefit thanks to neutrinos and other non-visible radiations. After the success of the Car Pi project, the neutrino energy group will move on to the Nautic Pi project as their next step. For the purpose of adapting the technology to electric yachts and boats, more than one thousand engineers will be hired, and more than one billion dollars will be invested. This will make it possible for these vessels to sail the oceans without using even a single drop of fossil fuel, nor will they be required to store energy in batteries.

Neutrino Energy is truly the power of the future, and it is all thanks to the Neutrino Energy Group’s efforts and its impressive neutrinovoltaic technology. Humanity now has a long-awaited and trustworthy solution to the current energy crisis. Due to their hard work, more substantial changes will take place, and hopefully others will follow in their footsteps, and we will live in a better and more environmentally friendly world in the years to come.

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