As Germany approaches its February general election, industry leaders have expressed urgent concerns about soaring electricity prices, cautioning that without government intervention, businesses may close or relocate abroad. The calls for action have resonated with the new coalition government, which is considering significant relief measures. However, experts warn that these measures could have unintended consequences. Electricity prices for German industry are currently about average for Europe, but comparisons are complicated due to the impact of global events such as Russia's invasion of Ukraine.
Industry leaders in Germany have voiced urgent concerns over skyrocketing electricity prices, warning of potential business closures and relocations if the new government fails to act.
Despite the focus on relief measures by Germany's coalition government, experts caution that the response may have unintended consequences for the industry in the long term.
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