The measure is part of efforts to reduce electricity costs for industrial groups to revitalise the Eurozone’s largest economy after its longest postwar period of stagnation.
But the plan is at risk after promised electricity tax cuts for households were shelved because of budget constraints. The financial concerns have created the first significant tensions within the ruling coalition…
Katherina Reiche, the German economy minister, wants to expand the number of German companies eligible for electricity price subsidies from 350 to 2,200, according to people with knowledge of the plan. The measure would fund up to half of companies’ electricity bills over three years and would cost the state about €4bn, according to preliminary estimates, they said…
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