Germany considers electricity price cap for industry

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[ICYMI] Germany considers electricity price cap for industry

The electricity price for non-residential customers averaged 0.18 euros without taxes in the second half of 2022, according to the German statistics agency Destatis.

The measures had"stabilised energy-intensive industry but we must not squander this achievement", Habeck said at a press conference. A"clearly defined" group of energy-intensive industries would have access to the low-cost electricity, according to the plan, including sectors such as chemicals, steel and glass manufacturing.

The proposal however faces resistance from within the government coalition, a three-way alliance between the Social Democrats, Greens and the liberal FDP.

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