Commentary: The federal government's energy policy is costing consumers billions
With a new proposal for a flat-rate reduction of solar plants, the Minister of Economic Affairs is now also upsetting the automotive industry. And ignoring a billion-euro potential.
German Economics Minister Katherina Reiche aims to reduce state subsidies and increase market involvement with the new Renewable Energy Act. The planned changes include abolishing state subsidies for solar installations and reducing the feed-in of solar power into the grid by half. The energy and automotive industries are expressing concerns, arguing that the proposed "Wirkleistungsbegrenzung" would limit the potential of flexibility and harm consumers and companies financially.
The industries claim this would be counterproductive, hostile to innovation, and unnecessarily costly.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
