German Federal Ministry for Economic Affairs and Energy Prepares New Industrial Electricity Price Models
The Federal Ministry for Economic Affairs and Energy in Berlin is developing targeted support models to relieve energy-intensive industries such as the chemical and steel sectors from electricity prices that place them at an international competitive disadvantage. In response to migrating production capacities, experts in the German capital are debating state-backed transitional aid to guarantee the preservation of domestic value chains across North Rhine-Westphalia and Baden-Württemberg.