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Competitive electricity prices for energy-intensive companies
The energy crisis triggered by the Russian war of aggression against Ukraine has hit energy-intensive sectors particularly hard. The brakes on energy prices have stabilised the situation, but there is still a need for internationally competitive electricity prices on a long-term basis. Minister Habeck therefore presented a working paper for a two-stage industrial electricity price at the beginning of May.
Long-term transformation electricity price for cheap green electricity
This heading brings together a range of measures. The common thread is that industry is to benefit from cheap green electricity without any direct state subsidies for the companies.
Bridging electricity price to cover the transition
Until the long-term measures gain traction, a bridging electricity price is to secure the competitiveness of our energy-intensive companies. In return, the working paper sets out clear conditions like honouring collective pay deals, committing to undertake the transformation, and guaranteeing continued production at sites in Germany.You can read more about the energy transition in the industrial sector here (in German only).
Finally, Minister Habeck said: “We want to avoid permanent subsidies. We are therefore proposing a bridge leading to a future with low renewable electricity prices and without subsidies.” You can find the working paper on the industrial electricity price here (in German only).