German government wants to relieve companies with electricity price package

According to a statement, the governing parties have agreed on a regulation that will apply for the next five years. Accordingly, the reduction in electricity tax for the years 2024 and 2025 will be regulated by law. There is agreement that the reduction should apply for a further three years. This would give companies planning security and free them from bureaucracy.

The electricity price bridge for the particularly energy-intensive industry and for the manufacturing sector will achieve relief of up to €12 billion next year alone. Furthermore, the Federal Government describes the consistent expansion of renewable energies and the electricity grids as crucial for Germany as a business location.