Kretschmer criticizes the planned reduction in electricity tax as an emergency operation - financial expert gives assessment

The planned reduction in electricity tax for the manufacturing sector is described by Saxony's Prime Minister Michael Kretschmer as an “emergency operation, but not a permanent solution”. According to Kretschmer, the reduction is urgently necessary because the federal government is admitting the dramatic emergency in energy prices and sees the current energy policy as a failure. The energy transition must therefore be “readjusted”. The federal government is planning to reduce the price of electricity for the economy through a tax reform. This includes a significant reduction in electricity tax for the manufacturing industry and an expansion of the current electricity price compensation for corporations that particularly suffer from high electricity prices. According to a report from www.n-tv.de