EU Approves German Industry Electricity Price, Companies Say More Relief Needed
The European Commission approved Germany’s new industry electricity price scheme, allowing energy‑intensive firms to receive state aid of up to half their annual electricity consumption, provided they invest at least 50 % of the grant in clean assets. An industrial gas producer using 550 GWh could obtain roughly €11 million (about $12 million) under the plan. The German Chemicals Industry Association welcomed the measure but called it a “small auxiliary building block,” noting it will cut electricity bills by less than 10 % and cannot be combined with the existing carbon‑price compensation program. Trade unions praised the added planning certainty through 2028 but urged a ten‑year extension and the ability to stack the two schemes.
Special Dispatch From Hungary | Russian Energy, Battery Scandals at Heart of Landmark Election
Hungary’s April 12 parliamentary election pits long‑standing Prime Minister Viktor Orbán against centre‑right challenger Péter Magyar, with energy policy emerging as a decisive undercurrent. Hungary remains one of the EU’s most dependent nations on Russian oil and gas, even filing...
CORRECTION - CLEW Guide – Hungary Sees Solar Boom but Remains Dependent on Russian Energy, Fossil Fuels
Hungary is rapidly expanding solar power, aiming to raise capacity from about 7 GW today to nearly 12 GW by 2030, while still relying heavily on Russian gas and oil, which supplied 74 % and 48 % of its imports in 2024 respectively. The...