German coalition parties agree basis for energy cost relief package - sources

1 minute read

Lignite power plant complex of German energy supplier and utility RWE is reflected in a large puddle in Neurath, northwest of Cologne, Germany, February 5, 2020. REUTERS/Wolfgang Rattay

Register now for FREE unlimited access to

BERLIN, March 22 (Reuters) - A working group of Germany's coalition parties has agreed the broad basis of a package to strengthen Germany's energy independence and help relieve the burden of high energy costs, coalition sources told Reuters on Tuesday.

The package comes as Europe's biggest economy tries to reduce its reliance on Russian gas and oil due to the invasion of Ukraine.

The measures that had been discussed included a fuel price discount, an energy allowance for everyone or a temporary transport allowance.

Leading members of Germany's coalition parties - the Social Democrats (SPD), Greens and Free Democrats (FDP) - would meet this week to finalise the package, the sources said, adding the parties agreed for the content to remain confidential.

Earlier on Tuesday, German Finance Minister Lindner also announced a combination of measures to provide broad economic relief for the German public amid the war in Ukraine. read more

Register now for FREE unlimited access to
Reporting by Holger Hansen; Writing by Madeline Chambers; Editing by Zuzanna Szymanska and Alex Richardson

Our Standards: The Thomson Reuters Trust Principles.