Industry Power Bill Relief Sparks Debate
Politics

Industry Power Bill Relief Sparks Debate

The German government has detailed the threshold for manufacturing businesses eligible to benefit from planned reductions in electricity tax. According to a spokesperson for the Federal Ministry of Finance, the tax relief will apply to the entirety of a company’s operational electricity consumption, irrespective of size or energy intensity.

Eligibility hinges on surpassing a consumption level of 12.5 megawatt-hours or an annual electricity tax liability of at least €250. Officials emphasized that this relatively low threshold is designed to encompass a broad spectrum of businesses, including small and medium-sized enterprises (SMEs).

Government spokesman Stefan Kornelius further explained that the measures are expected to positively impact a diverse range of operations, including bakeries, butcher shops, trades, construction and water management. Preliminary estimates suggest that approximately 600,000 businesses could potentially benefit from the revised policy.