FRANKFURT—Germany will cut a power surcharge levied on consumers to support renewable energy by 42.7 percent to help households cope with soaring energy prices, network operators said on Friday. Germany and other governments in Europe are seeking to provide relief for consumers as gas prices skyrocket. The reduction in the German levy, to 3.723 euro cents per kilowatt-hour (kWh), confirms a Reuters report on Thursday. It will not take effect until Jan. 1. The government will help fund the cut with 3.25 billion euros (US$3.77 billion) in revenue collected from carbon taxes. The fee, which was reduced by 3.9 percent last year to help the economy out of the coronavirus slump, is collected under the renewable energy act (EEG) and paid to producers of wind and solar electricity installations. The EEG fee makes up one-fifth of a consumer’s energy bill. Transmission system operators (TSOs) calculate the fee by continuously monitoring …