Will Germany's energy subsidy proposal lead to a future with low electricity prices?

ge that will lead to a future with low renewable electricity prices and no subsidies.”The energy subsidy proposal, which Habeck has said should be implemented by early 2024 when other energy support measures expire, is being seen as Germany’s response to the

Will Germany support long-duration energy storage?

17 July 2024: The German Federal Government will support long-duration energy storage (LDES) of 500 MW under its Power Plant Safety Act. The Act, coordinated with the European Commission, is part of Germany’s economic growth package and aims to:

Does Germany offer subsidies for battery storage systems?

2013, the German government declared it would offer direct subsidies for battery storage systems. These subsidies would be 30% of the total system cost and connected to the latest distributed solar systems of less than 30KW. This policy was extended to 2018.

Will Germany support energy-intensive industry?

The package now agreed is not the only subsidy Germany’s government is planning in order to support energy-intensive industry.

Does Germany need a new energy support scheme?

Germany has repeatedly come under fire during the energy crisis for comparatively generous support for its domestic industry at the expense of fair competition within the European Union. Any new support scheme for industry would need approval from the EU based on state aid rules.

Can Germany reduce power prices for energy-intensive industry?

The parliamentary group of Germany’s Social Democrats (SPD) had presented a similar concept for reducing power prices for energy-intensive industry. Industry lobby group BDI had supported the ministry’s initiative, which chemical industry association VCI called “a clear game changer” for international competitiveness.