Financial expert warns: Federal Constitutional Court ruling threatens electricity price relief for German industry. Federal government has a duty.

Financial expert warns: Federal Constitutional Court ruling threatens electricity price relief for German industry. Federal government has a duty.

According to a report by www.zeit.de, Hamburg's industry is worried about promised relief in electricity prices following the Federal Constitutional Court's ruling on the Climate and Transformation Fund (KTF). Matthias Boxberger, chairman of the Hamburg Industrial Association (IVH), emphasized the indispensability of relief for energy-intensive industries in order to remain competitive in Germany. The federal government is being asked to find a new financing solution to overcome the budget impasse.

In recent months, the government had promised to keep all funding commitments for the industry. Boxberger emphasized that these commitments must remain in place even after the Federal Constitutional Court's ruling in order to guarantee job and investment security. Hamburg's industry must not suffer from the federal government's financial policy mistakes.

The Federal Constitutional Court ruling on the reallocation of budget resources and the unconstitutionality of the use of fixed loans of 60 billion euros for the KTF have an impact on the electricity price package presented by the federal government. The industry fears that the planned and promised electricity price relief will be called into question.

As a result of this uncertainty and legal uncertainty, investments in energy-intensive sectors may be affected. Companies could be forced to increase their costs, which could lead to a loss of competitiveness. The federal government is therefore required to find a new financing solution as quickly as possible in order to guarantee the promised relief for the industry.