BMWK examines industrial electricity price

The German Federal Ministry for Economic Affairs and Climate Action (BMWK) considers the introduction of a guaranteed industrial electricity price. In consultation with industry representatives from the metals, building materials, and chemicals sectors, experts are to evaluate a proposal by the German Institute for Economic Research (DIW). However, the focus is not on the current high energy prices but on the medium- to long-term prospects for energy-intensive companies. That’s according to a ministry request for proposals for a consulting contract published Sunday. The availability of green electricity at competitive prices is crucial for companies to invest in climate-neutral production processes, it said.

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