Re:Germany’s biggest companies are ditching the fatherland
by nradov on Friday July 14, 2023 @04:53PM
(#36729794)
Right but that level of subsidization is unsustainable. What is the end game? Cheap Russian natural gas is unlikely to return soon enough to save the German chemicals industry.
Re:Germany’s biggest companies are ditching the fatherland
by Archelaos on Saturday July 15, 2023 @11:00AM
(#36737396)
Since the beginning of the year, the wholesale gas price in Europe has already returned to the level seen before the Russian-Ukrainian war.
See: https://www.bundesnetzagentur.de/DE/Gasversorgung/aktuelle_g... (in German)
A press release on the relevant legislation can be found here (in German): https://www.bundesregierung.de/breg-de/aktuelles/energieprei...
The most important section in this matter reads in English translation as follows:
"From January 2023, industrial customers will receive 70% of their natural gas consumption in 2021 from their suppliers at a guaranteed 7 cents per kilowatt hour. For heat consumption, the price will be capped at 7.5 cents per kilowatt hour, also for 70% of consumption in 2021. For the remaining consumption, industry will pay the regular market price."