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Germany will allocate 5.5 billion euros annually to reduce electricity bills until 2029.

Germany will allocate 5.5 billion euros annually to reduce electricity bills until 2029.

The German government will provide annual federal subsidies of €5.52 billion from 2027 to 2029 to reduce electricity grid charges, expanding measures aimed at reducing energy costs for businesses and the public.

financing will be provided by Germany and the Climate Transformation Fund. The German Cabinet of Ministers has approved the necessary amendments to the Energy Law, according to which transmission system operators will take subsidies into account when calculating energy supply charges.

The reduction in energy costs will increase to 13 billion euros from 2026. 2027

Germany already allocates energy subsidies in the amount of 6.5 billion euros. Payment for energy supply in 2026. Combined with the abolition of gas storage fees and lower electricity taxes for about 600,000 manufacturing companies, the measures introduced from January 2026 are expected to provide about $10 billion in annual aid. евро.

The German government expects that from 2027 the planned annual benefit will increase to about 13 billion euros, which will be facilitated by the introduction of industrial electricity prices for energy-intensive companies. These measures are aimed at reducing energy costs, increasing the competitiveness of German industry and maintaining employment.

The reduction of the electricity tax for manufacturing companies has become постоянным

In addition, Germany has since January 1, 2026, the electricity tax for about 600,000 manufacturing companies, as well as agricultural and forestry enterprises, has been finally reduced to the minimum EU rate. This measure represents an annual reduction of about 3 billion in federal budget expenditures for companies. евро.

The government stated that keeping electricity taxes low is aimed at preventing rising electricity prices and worsening investment conditions for companies. enterprises, including manufacturers of energy-intensive industries.

Regarding the approval of the new regulations, Kerstin Maria Rippel, CEO of the German Steel Manufacturers Federation (WV Stahl), commented: "With the restoration of subsidizing the costs of power transmission networks, this happened only at the beginning of this year, we managed to reduce the cost of connecting to the network, which has increased dramatically in recent years, to a normal level. To stop this immediately, a repeat measure would serve as a disastrous signal! The goal of steadily reducing energy costs for industry will once again become a distant prospect, especially now that the Middle East crisis is putting enormous pressure on energy markets, and already unstable electricity prices are rising even more. больше."

Риппел He stated that in times of numerous threats and geopolitical uncertainty, the federal government should ensure security planning instead of canceling the recently adopted relief measures, and demanded that the budget subsidy of 6.5 billion euros be maintained in full - on a permanent basis.

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