German FAZ: When cheap electricity becomes a problem005916

An employee stands in a pilot plant for battery cell production at the VW plant in Salzgitter.
Image: dpa

Economics Minister Robert Habeck wants to subsidize the price of electricity for industry with many billions of euros. A mistake, say critics.

What do an Arcelor-Mittal steelworks in Bremen, a Volkswagen battery cell factory currently under construction in Salzgitter, Lower Saxony, and a Wacker chemical plant in Burghausen, Bavaria, have in common? Answer: All three industrial companies need a lot of energy for their production – and therefore have a keen interest in electric power in particular becoming much cheaper in Germany than it is today.

Marcus Theurer

Editor in the economy of the Frankfurter Allgemeine Sunday newspaper.

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The major industrial consumers of electricity are correspondingly relieved that Federal Economics Minister Robert Habeck from the Greens has presented a proposal that is intended to help the corporations quickly lower their electricity bills. The demand for a lower “industrial electricity price” has long been high on their wish list.

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