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.