News Digest Item
27 Jan 2017

“Energiewende: Opportunities for economic location through increased power consumption”

Association of German Chambers of Commerce and Industry (DIHK)

Economically, it makes more sense to consume excess power in Germany than to export it, but high taxes and fees on electricity discourage domestic companies from ramping up production when wholesale prices are low, according to the Association of German Chambers of Commerce and Industry (DIHK). “The DIHK estimates the loss of added value to be 10 billion euros. This could change if the government were to provide for relief” in taxes and levies on each kilowatt hour of power, writes DIHK in an article. In a world powered by renewables, additional power consumption was “not bad per se,” says DIHK, but it depended on when the power is used.

Find the article in German here.

For background read the CLEW factsheet Industrial power prices and the Energiewende.

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