Ministry of Energy plans to adjust the electricity price brake

Ministry of Energy plans to adjust the electricity price brake

The coalition is discussing a possible adjustment to the electricity price brake, which was recently extended until the end of 2024. The discussions in the responsible ministries revolve around the idea of ​​changing the subsidy in order to stimulate competition on the electricity market. According to statements from the Ministry of Energy in the ORF's Ö1 "Morgenjournal" discussions are currently underway about setting the reference amount. Gabriel Felbermayr, head of Wifo, is in favor of quickly halving the funding from 30 to a maximum of 15 cents, seeing this as the ideal step.

The aim of the intended adjustment of the subsidy is to optimize the framework conditions on the electricity market and thereby enable more competition. A possible reduction in the reference amount could help stabilize prices for consumers while encouraging the development of renewable energy sources. The discussions within the coalition show the desire to make the electricity sector more efficient and sustainable.

The position of the Wifo boss, Gabriel Felbermayr, who advocates halving the funding to a maximum of 15 cents, reflects the considerations about the future direction of the subsidy. This measure could potentially increase the competitiveness of electricity producing companies and promote innovation in the field of renewable energy. The debate about adjusting the electricity price cap shows the government's desire to adapt energy policy to changing market conditions and to promote long-term sustainable solutions.