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ELECTRICITY: German Economy Minister Eyes Subsidies For Network Fees

ELECTRICITY
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

Germany’s economy minister Robert Habeck suggested on Tuesday to introduce subsidies to stabilise the country’s power network fees according to Reuters. 

  • The subsidies would be paid through a supplementary budget for 2024, Habeck proposed.
  • "This is not a permanent, systematic answer, and it is needed ... But it would be a short-term measure for 2025, which could still be technically implemented, for example, through a supplementary budget for 2024," Habeck said.
  • Habeck is likely to face issues to achieve a majority following the collapse of the coalition government. 
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Germany’s economy minister Robert Habeck suggested on Tuesday to introduce subsidies to stabilise the country’s power network fees according to Reuters. 

  • The subsidies would be paid through a supplementary budget for 2024, Habeck proposed.
  • "This is not a permanent, systematic answer, and it is needed ... But it would be a short-term measure for 2025, which could still be technically implemented, for example, through a supplementary budget for 2024," Habeck said.
  • Habeck is likely to face issues to achieve a majority following the collapse of the coalition government.