The EU Commission has approved Germany's introduction of an industrial electricity price. Federal Economics Minister Katherina Reiche announced this on Thursday in Berlin, calling it a great success. Finance Minister Lars Klingbeil described the measure as good news for industry.
In Berlin, Federal Economics Minister Katherina Reiche (CDU) announced the EU Commission's approval of the industrial electricity price. "We have kept our word," Reiche said, describing the step as a "great success".
Finance Minister Lars Klingbeil, who is also SPD party chairman, expressed similar positivity. "We have fought for this for a long time, now it's coming," he said. "This is very good news for the German industry."
The decision followed an agreement within the federal government. Economics Minister Reiche and Environment Minister Carsten Schneider (SPD) had reached understanding on the funding guideline for the industrial electricity price. Handelsblatt reported on this in advance on Thursday noon.
