Federal government decides on electricity price package to relieve the burden on companies: financial experts welcome an important step.

Federal government decides on electricity price package to relieve the burden on companies: financial experts welcome an important step.

According to a report by dubisthalle.de,

The federal government has decided on an electricity price package that is intended to provide relief for companies over the next five years. This includes, among other things, a reduction in electricity tax to the European minimum of 0.05 cents per kilowatt hour for the years 2024 and 2025 as well as an expansion of aid for around 350 particularly energy-intensive companies.

These measures are being approved by Saxony's Energy Minister Prof. Dr. Armin Willingmann welcomed this as an important step towards stabilizing the German economy. He emphasizes that the reduction of the electricity tax to the European minimum is one of the measures that he has intensively advocated in recent months.

Some energy-intensive industries are already benefiting from the electricity tax exemption, and the peak compensation, from which around 9,000 companies nationwide benefit, is also to be extended. In addition, the government is planning to expand electricity price compensation for large corporations. In addition, 350 energy-intensive companies will receive money to purchase CO2 certificates.

The proposed measures should lead to electricity prices for companies of less than six cents per kilowatt hour. The Halle Chamber of Crafts welcomes the federal government's consideration of reducing the electricity tax by two cents per kilowatt hour to the EU-compliant minimum, as this would relieve a broad base of companies, including medium-sized businesses, from the excessive electricity costs.

These measures are an important step towards stabilizing the German economy and increasing international competitiveness. They will help reduce the price disadvantage for German companies and reduce incentives to migrate. Overall, the proposed measures could lead to a strengthening of the German economy, particularly with regard to international competitiveness.