The Limited Times

Now you can see non-English news...

Energy: how Germany supports its companies

2022-10-17T16:06:36.040Z


DECRYPTION - The profitability of companies will benefit all the more from State aid measures as the price of gas increases.


The 200 billion euro support plan unveiled by the German coalition on October 4 to deal with the energy crisis should benefit the competitiveness of the country's companies, according to a study by Asterès and the European Policy Center in Paris.

Of these 200 billion euros, some 25 billion are planned to compensate industrial companies hitherto excluded from public aid.

Some 25,000 companies, the largest gas consumers, already benefited from aid measures.

For the others, these 25 billion will be used to subsidize 70% of their gas consumption, which will be capped at 7 cents per KWh, i.e. the price of October 2021, the rest being paid at the market price.

The gas bill for German industry is expected to jump from around 7 billion euros in 2021 to 20 or 30 billion euros this year.

Read also Germany brandishes a shield of 200 billion to cap energy prices

State intervention should allow companies to limit the impact of this increase on their profitability.

Without support...

This article is for subscribers only.

You have 66% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All news articles on 2022-10-17

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.