Germany considers electricity price cap for industry | The Malaysian Insight

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Germany considers electricity price cap for industry

Germany’s Economy Minister Robert Habeck has presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal has immediately sparked criticism. – EPA pic, May 5, 2023.

GERMANY’S Economy Minister Robert Habeck today presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal immediately sparked criticism. The cap, which would be set at €0.06 per gigawatt hour, would apply until 2030 and cover at least 80% of companies’ electricity usage.

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