Electricity price alarm: German industry suffers from record costs!

Electricity price alarm: German industry suffers from record costs!

The German industrial companies are under immense pressure due to the rising electricity prices, which have recently reached a new high with a record of 936 euros per megawatt hour on the stock exchange. This development is primarily due to the so -called dark doldrums, in which both wind and sun cannot contribute to energy generation. Federal Minister of Economics Robert Habeck (Greens) warns that the industry must adapt to further drastic price exposures, since the end of the high prices is not yet in sight. As Merkur , production stops such as the Siempelkamp-Gießerei in Krefeld have already been reported and the Metallbetrieb Anke GmbH in Essen.

dramatic effects on industry

The current electricity prices have devastating effects on the production capacities. The Siempelkamp foundry had to reduce production by 30 percent, and the Feralpi electric steelworks in Riesa also completely stopped production. The management speaks of financial "blood loss" and urges reliable power plants that can step in in times of high demand. While Habeck is trying to appease the situation by referring to cheaper weeks, the urgency of adapting energy policy becomes increasingly clear. The ZFK will have an impact on the entire European electricity market in this country.

In addition to the short -term need for action at the political level, the need for a reform of the network charges and the electricity taxes are brought to the fore. Different parties, including CDU/CSU and the SPD, have presented different approaches to stabilize and reduce the network charges. While the SPD wants to reduce the transmission costs, the Union faction focuses on long -term investments in renewable energies and maintaining existing systems.