Germany Caps Power Prices to Save Its Industrial Base ...Middle East

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Germany Caps Power Prices to Save Its Industrial Base
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Germany has agreed to subsidize electricity for its heavy industries, capping prices at about €0.05 per kilowatt-hour from 2026 through 2028—a major policy move aimed at keeping its industrial base from eroding under the weight of Europe’s soaring energy costs. Chancellor Friedrich Merz said Thursday that Berlin’s coalition partners reached the deal after months of debate, and that discussions with the European Commission for approval were “largely complete.” The measure will target energy-intensive industries…

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