WVMetalle Presents Concept for European Industrial Electricity Price

11.06.2020Editor: Nicole Kareta

The WirtschaftsVereinigung Metalle (WVMetalle) has presented its own concept for the introduction of a Europe-wide industrial electricity price. It emphasises the importance of competitive energy prices as a decisive location factor for the metal industry, which is in international competition. Affordable electricity prices would have to be secured in the long term to provide the necessary stable investment framework.

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A European industrial electricity price creates planning security and thus a long-term stable framework for investments.
(Source: gemeinfrei / Pixabay )

The problem is, for example, the uncertainty regarding the continuation of the relief measures and the respective amount of relief. In addition, the industry is threatened with further additional burdens due to ever new climate policy measures - current examples include the coal phase-out in Germany and the discussions on tightening the targets of the EU emissions trading system, as proposed in the European "Green Deal". This uncertainty must be removed and instead a permanently stable framework created to ensure competitive electricity prices in the long term. A European industrial electricity price can ensure this and provide a stable basis for investment in energy-intensive processes.

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The assessment of industrial energy efficiency measures is becoming an increasingly important issue in aluminum foundries. (gemeinfrei)

WVMetalle President Roland Leder commented: "For the energy-intensive non-ferrous metals industry, permanently competitive electricity prices are a necessary prerequisite for being able to continue to produce in Germany as a business location in the future. A European industrial electricity price creates planning security and thus a long-term stable framework for investments. Only in this way can the energy-intensive industry set the right course for the future, such as investing in more climate-friendly processes. The introduction of an EU industrial electricity price must be an essential part of a European industrial strategy".

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