German minister: power price support for industry to be introduced in January
Published by Global Banking and Finance Review
Posted on November 3, 2025
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on November 3, 2025
BERLIN (Reuters) -Germany's economy minister said on Monday that a government programme to lower electricity prices for manufacturers will likely be introduced at the beginning of next year while talks with EU competition authorities are being finalised.
"We are in the final stages of negotiations with the European Commission. I expect that we will introduce the industrial electricity price on January 1, 2026," Minister Katherina Reiche told journalists at a briefing in Berlin.
Newspaper Handelsblatt on Monday cited estimates by an alliance of think tanks led by advisory body DENA as saying the scheme could cost the German state 4.5 billion euros ($5.25 billion) over three years, based on a targeted industrial electricity price of 5 euro cents per kilowatt hour.
Reiche also said that a separate programme to provide financial support for sectors that are heavily reliant on purchasing green house gas emissions rights was being favourably viewed by the EU.
Reiche said the EU Commission was sending "positive signals" for an extension of the programme, dubbed electricity price compensation, far beyond 2030.
(Reporting by Ludwig Burger and Holger Hansen, Editing by Miranda Murray)