Germany’s Electricity Subsidies Will Cost More Than $18 Billion Through May

Germany will spend more than $18 billion on its lavish electricity price cap and transmission network subsidies through May of this year, a German government document seen by Reuters has shown. Germany’s electricity price cap will cost it considerably, estimated at $14.5 billion euro, or $15.75 billion—and that’s just the cost through May. In addition to those charges, Germany will spend an additional 2.14 billion euros on subsidizing transmission network costs over the next two months alone, Finance State Secretary Florian Toncar…