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Government to find 12.7 bln euro for power bills

*

Transmission firms about to publish fees for 2023

*

Move may keep grid fee element of bills stable

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Consumers still exposed to effect of high wholesale prices

(Adds detail, context)

By Markus Wacket

FRANKFURT, Oct 5 (Reuters) - Germany will subsidise
consumer power bills next year by paying 12.7 billion euros ($12.6 billion) towards the
usage fees charged by the four high-voltage transmission grid companies (TSOs),
government and industry sources said on Wednesday.

The fees form part of electricity bills, accounting for around 10% of overall costs for
retail customers and around a third for industrial companies in sectors such as steel or chemicals.



The intervention could stabilise the fees, the sources said, which otherwise were set to jump
given runaway wholesale power prices and rising operational costs for the TSOs.


The sources spoke as the TSOs prepare to release their
network fees for next year.

The rising TSO costs are related to interventions to manage grid flows and stabilise systems in Europe, where Germany is the biggest power market
and transit country.

France has experienced technical problems at its nuclear reactor fleet
while droughts have curbed river transportion of coal to power stations,
tightened water supply at river-based plants and lowered run rates at hydroelectric plants.


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