US EditionGerman government to subsidize industry’s energy prices in bid to revitalize economy
The subsidy aims to lower electricity costs to about 5 euro cents per kilowatt hour for energy-intensive firms, costing €3–5 billion and requiring EU and parliamentary approval.
- Germany's governing coalition plans to subsidize energy prices for heavy industry starting January 1, 2026, at about 5 euro cents per kilowatt hour to improve economic competitiveness in Europe.
- Chancellor Friedrich Merz stated that discussions with the European Union's executive commission regarding the subsidy plan are nearly finished and approval is expected.
- The German economy, facing stagnation due to high energy prices and competition, is projected to grow only 0.9% next year, according to the government's independent economic advisers.
- Finance Minister Lars Klingbeil estimated that the subsidy measure will cost between 3 and 5 billion euros, and it will require parliamentary approval.
56 Articles
56 Articles
The coalition committee decides to withdraw the controversial increase. Greenpeace speaks of a fatal signal for the climate.
State-subsidised industrial electricity price, reduction of aviation tax and a German fund for investments in startups: At their coalition committee on Thursday evening, the Union and SPD took several decisions to strengthen the economy. Chancellor Friedrich Merz (CDU) said that the goal was to strengthen the competitiveness of companies in Germany and to secure jobs. Business associations welcomed the decisions, but demanded further steps."A st…
The leaders of CDU/CSU and SPD discussed various topics in the coalition committee. The focus was on discharges of the industry in electricity prices and a reduction of the ticket tax in aviation. An agreement was reached on the following points.
The list of unsolved problems remains long. It ranges from the heating law to the pension package. German chancellor Friedrich Merz announces at least an agreement on the burnout.
Economy and energy were central topics of the coalition committee. One result: German industry should be helped by its own electricity price. Another: the ticket tax in aviation should be reduced.
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