US EditionGerman government to subsidize industry’s energy prices in bid to revitalize economy
Germany sets industrial electricity price at about 5 euro cents per kWh through 2028 to aid energy-intensive companies amid economic stagnation, costing up to €5 billion, officials said.
- 1- Germany’s coalition government agreed to subsidise electricity costs for heavy industry for the next three years to boost a sluggish economy. 2- Chancellor Friedrich Merz said the plan will set industrial power prices at about 5 euro cents per kilowatt hour from 1 January through 2028. 3- The measure aims to support energy-intensive companies facing strong international competition.
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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.
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.
According to German Chancellor Friedrich Merz, a reduction in the ticket tax is to bring 350 million euros in favour of the aviation industry.
The industry is complaining about high energy prices. The Federal Government is granting discharges. This also applies to the aviation industry.
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