Germany plans to cap electricity prices for industries such as steel, cement, and chemicals at five cents per kilowatt-hour, with a total budget of €3.8 billion allocated for this initiative. Companies must invest at least half of their savings into environmentally friendly production methods. While the initiative aims to retain businesses within the EU, the German Chemical Industry Association has criticized the subsidies as insufficient, estimating that most companies would see relief of less than ten percent of their electricity costs.