Germany will not cap power prices for energy-intensive industries but will lower power taxes for businesses to the EU minimum while extending special tariffs for the most energy-hungry companies for five years.
Germany’s regional chiefs descended on Brussels to seek support on contentious political and economic issues from European Commission President Ursula von der Leyen, who may in turn take the opportunity to ensure their support for her second term.
Germany’s economy minister has defended plans to subsidise electricity consumption for energy-intensive industries, despite warnings from Brussels and smaller EU member states that it would distort competition on the EU single market.
