“German industry’s energy costs continue to decrease significantly”

The energy cost burdens on the German industry reached a new multi-year low in March 2017, despite a rising renewables surcharge, according to an analysis by Institute for Applied Ecology (Öko-Institut), German Institute for Economic Research (DIW) and the European Climate Foundation (ECF).* The energy costs index, which represents the costs in relation to the industry’s gross production value, was at its lowest since the start of the analysis in 2010. This was due to sinking energy costs and rising industrial production, and costs fell most for energy-intensive industries, writes Öko-Institut in a press release.

Read the press release in German here.

*The Clean Energy Wire is a project funded by Stiftung Mercator and the European Climate Foundation.