[Ticker] Germans face €480 gas bill spike

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Households in Germany are set for an annual €480 increase for gas as part of levy to wean the country off Russian supplies. German gas market operator Trading Hub Europe said it had set the charge at €2.419 cents per kilowatt hour (kWh). The levy will be imposed from October 1 and until April 2024 in an effort to ease the costs for its Russian gas importers.

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