EU Commission Approves German Industrial Electricity Price Subsidy
EU Commission Approves German Industrial Electricity Price Subsidy
The European Commission has authorized Germany’s plan to subsidize electricity costs for energy-intensive industries retroactively from January 1, 2026, until the end of 2028, allocating €3.8 billion for this initiative.
The subsidy aims to limit the effective electricity price for eligible companies, which must invest at least half of the support received into climate-friendly production measures. Approximately 9,500 firms, particularly in the steel, cement, and chemical sectors, are expected to benefit, with the target price set at €50 per megawatt-hour. This decision follows longstanding calls from industry associations for a dedicated industrial electricity price to mitigate high energy costs and enhance competitiveness.
For journalistic integrity, this report was summarized from: zeit.de
