Electricity tax: associations warn of Germany's deindustrialisation
The federal government wants to abolish the peak compensation for electricity tax from 2024. For almost 9,000 companies in Germany, this would increase the electricity tax burden tenfold in one fell swoop. Among them are many companies in the energy-intensive SME sector and, of course, also in the casting industry. Associations are therefore urgently warning against this step.
BDG: "Disastrously wrong measure"This is criticised by Max Schumacher, Managing Director of the German Foundry Industry Association (BDG): "The abolition of the peak compensation for electricity tax in the 2024 draft budget leaves me speechless. Because this not only fulfils an ecological purpose, but also has a function for the labour market. I therefore consider a cancellation to be a catastrophically wrong measure that further endangers our prosperity and serves as a catalyst for deindustrialisation in Germany. With this, we are not saving the climate worldwide, but we are moving with great strides towards economic and social consequences in our country."
For the “Bündnis Faire Energiewende” (BfE), this would also be a disaster scenario. "The planned abolition of the peak compensation hits companies at an inopportune time. Energy prices continue to be far too high in international comparison, moreover, the relief provided by the energy price brakes expires at the end of the year, and deindustrialisation in Germany as a business location is in full swing," explained BfE spokesman Christoph René Holler.
The alliance is made up of industrial associations representing more than 10,000 German companies across all sectors, with around one million employees and an annual turnover of around 200 billion euros. Among others, the Federal Association of the German Foundry Industry (BDG) and the General Association of the Plastics Processing Industry (GKV) belong to the BfE.