Overview
- Economy Minister Katherina Reiche said she expects an industrial electricity price to take effect on January 1, 2026, with EU state‑aid approval in its final stage.
- The emerging design would cap support to half of a firm’s consumption, require a minimum price of €50/MWh and be limited to three years, with a Dena concept pointing to a target of €0.05/kWh and roughly €4.5 billion in total costs over three years.
- Reiche also flagged an expected decision in the coming weeks to extend compensation for indirect CO2 costs beyond 2030, a key ask for steelmakers.
- Chancellor Friedrich Merz will host a November 6 meeting with industry and regional leaders to address energy relief, trade measures and sector resilience.
- The EU has proposed nearly halving duty‑free steel import quotas and levying a 50% tariff above them, while Vice Chancellor Lars Klingbeil urged a full stop to Russian steel and unions pressed for procurement preferences tied to job and investment commitments.