According to initial drafts, the industrial electricity pricing plan for energy-intensive sectors would cost the federal government more than three billion euros. Calculate that in 2027 to 2029 Federal Ministry of Economy with a payment of 3.1 billion euros, according to a draft made available to the German Press Agency. “Politico” and “Handelsblatt” initially reported.
Union Peak and SPD approved the measure at their coalition committee last week to ease the burden on highly energy-intensive sectors. Finance Minister Lars Klingbeil (SPD) initially spoke of a cost of three to five billion euros, which would be financed from the climate and transformation fund – a special federal fund. The instrument envisages limiting the price to half of annual electricity consumption at five cents per kilowatt hour.
Cement, semiconductors, chemicals: 91 sectors expected to benefit
According to the plan, companies can collect their accounts for 2026 to 2028, with payments following in the following year. Companies from 91 economic sectors that have a very high risk of overseas migration will benefit from this. This includes, among others, most of the chemical industry, the metals industry, glass and ceramics production, the cement industry, as well as battery cell and semiconductor production.
However, it is not yet clear which companies will ultimately benefit. According to information, the ministry would like to ask the association to submit relevant evidence. The paper from Katherina Reiche’s Ministry (CDU) also still needs to be coordinated with the federal government.
© dpa-infocom, dpa:251118-930-310757/1
