Electricity price crisis: Germany's industry at the edge of production stops!

Electricity price crisis: Germany's industry at the edge of production stops!

Krefeld, Deutschland - The high electricity prices in Germany throw dark shadows over industry. Federal Minister of Economics Robert Habeck commented on the drastic price reductions that destabilize the production of many companies. For example, the Siempelkamp foundry in Krefeld had to reduce its production by 30 percent, and the Feralpi electrical steelworks in Riesa even stopped production completely. According to Habeck, companies are extremely high in the face of extremely high prices, which have reached up to 936 euros per megawatt hour on the electricity exchanges. He confirmed that the current Situation was caused by the dark doldrums, in which both wind and solar power plants cannot generate sufficient electricity.

Habeck's solutions and international criticism

To relieve the industry, Habeck urges the high electricity prices to reduce. During an industrial conference, he emphasized the need to strengthen the German industrial location, since the high pricing endanger the competitiveness. It refers to price -stringing factors such as the increase in gas prices and European emission trade. Despite the difficult situation, Habeck wants to continue the energy transition towards renewable energies and plans state subsidies to reduce the network charges in order to reduce the burden on consumers. There is also a reform of electricity prices in the discussion, but the necessary majorities in the Bundestag are missing according to the failed traffic light coalition, as zdf.de reported.

The international community is also concerned about German electricity prices. The Swedish Minister of Energy Ebba Busch criticized the situation and pointed out that German energy policy leads to the general price increase in Europe. In contrast, Habeck emphasized that despite the current challenges, there were also weeks with lower prices. "This is very few expensive hours," he said, assured that the general power supply is not at risk. However, the uncertainties in the energy sector have underlined the demands for a stable plan for future cooling systems, since dark downs will occur again and again, which could endanger the power supply, according to merkur.de .