european energy

More Market, Not More Costs

pylon dark DPA
We need a European energy policy, says Marijn Dekkers of Bayer.
  • Why it matters

    Why it matters

    If European countries determine a shared approach to the energy market, this would ensure efficiency and reduce costs in the future.

  • Facts

    Facts

    • Germany is in the midst of a hasty transition to renewable energy sources which receive government subsidies.
    • There is uncertainty about how the traditional power infrastructure will support renewable energy sources.
    • The price of energy is high in Germany; across Europe, there are large differences in prices.
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  • Audio

    Audio

  • Pdf

 

It’s time to dispel a few of the myths surrounding Germany’s energy policy turnaround.

One particularly stubborn one is that energy-intensive industries like the chemical industry are the financial beneficiaries of the change in energy policy because they profit from relief provisions and lower market prices.

However, a recent survey by the German Chemical Industry Association (VCI) among its member companies shows that this is not the case. On the contrary, energy-intensive sites in Germany are facing increasingly tough competitive pressure resulting from high electricity costs. Both large and medium-sized companies took part in the survey.

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