Sunday, July 31, 2022

What This New Natural Gas Tax Looks Like?

Focus picked up the topic today.  The only reason for the tax?  A number of providers are in serious trouble....likely to fold....unless they get some help.

The suggested amount now in the view?  The consumer view?  Around 254-percent of what you pay currently.  Yeah, this won't settle in easily.

Last week, the Chancellor discussion suggested that it would not amount to more than 300 Euro per family per year.  The Check24 site says now....the amount will range from 354 Euro a year, to 1,190 Euro a year....depending on your provider and the status (4-member family).

Worst case scenario?  Some might see this up in the 3,000 Euro range per year.  

I will say this....most middle-class German consumers would have accepted 300 Euro without much whining.  Once you cross the 1,000 Euro threshold....it won't be so easily accepted, and if you hinted this would cross the 2,000 extra Euro for this 'tax'....there's going to be serious negative criticism.  

At the 3,000 Euro (extra) level?  You might as well turn off your natural gas supply to the furnace, and just heat via coal in the fireplace, and electrical.  Yeah, it'll put the coalition government in a pretty stressful mess.  

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