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.

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the Europe.Table? Log in now

Related

    Latvia and Estonia leave 16+1 format
    EU Commission criticizes EV passage in US climate package
    ESA chief: current energy crisis small compared to climate change
    IEA and OPEC present different oil demand forecasts