Germany: A sudden and significant increase in electricity cost
The Chamber of Industry and Commerce in Germany expected a rapid and sudden increase in electricity prices for economic circles after the decisions of the ruling coalition regarding the general budget for 2024.
Peter Adrian, head of the chamber, said in press statements, “We calculated different groups of cases and found increases in electricity bills of between 10 and 20%”.
Adrian continued, “This isn’t only an additional disruption to the economy, at a bad time, but it’s also the wrong signal to many companies that want to shift their production from traditional energy – especially since prices are rising at the same time in diesel and kerosene”.
He added, “It’s true that it is a good thing that the federal government is currently proposing a solution for the 2024 budget, otherwise our reputation as a trade and investment site would have been damaged at the international level, however, many points contribute to increasing costs for companies in Germany”.
The head of the Chamber of Industry and Commerce in Germany indicated that it falls within these points, especially the failure to continue supporting transmission systems networks, and pointed out that this will lead to a huge increase in electricity prices for companies and institutions from almost all sectors.
On the other hand, a new study revealed that most people in Germany have great concerns about matters related to climate change, despite their support for climate protection.
The study conducted by the Bertelsmann Foundation and presented yesterday also stated that the Germans have great concerns, for example, about the type of appropriate and correct measures to protect the climate.
There is 55% of those surveyed stated that they believe that solidarity in society faces a threat in light of the energy transition.
According to the study conducted in cooperation with the Sustainability Research Institute of the Helmholtz Center in the city of Potsdam in eastern Germany, 69% of Germans supported the energy transition, and 12% completely rejected the energy transformation, while the percentage of those rejecting the transformation in the field of transportation increased to 19%, and 56% supported this transformation.
Regarding the implementation of the transition process, many people in Germany expressed major concerns, and only about 20% of those surveyed stated that they felt that the transition process was fair, while the majority described it as unfair, especially with regard to the distribution of gains and costs among those with high incomes, and low, and between companies and consumers, as well as between urban and rural residents.
Three out of four people in Germany described the energy transition as expensive, and 45% of those surveyed said they expected energy prices not to fall.
A 50% of those surveyed stated that they don’t believe that transportation transformation will make transportation cheaper.
“This picture of the mood shows that implementing climate protection without social compensation, nor abandoning climate protection in the interest of social solidarity, isn’t a good idea,” said study author Sarah Holtzman.
