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Germany Announces 3-Year Energy Subsidy for Heavy Industry

11/15/2025

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Summary

Story summary

Germany's governing coalition will subsidize energy prices for heavy industry for three years, setting a price at about 5 euro cents per kilowatt hour starting January 1, 2026.
Chancellor Friedrich Merz said the plan aims to help energy-intensive firms face international competition.
Critics, including economists, say the plan lacks a long-term vision and could raise debt.
The subsidy costs 3 to 5 billion euros and requires parliamentary approval.

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Story summary

Germany's governing coalition will subsidize energy prices for heavy industry for three years, setting a price at about 5 euro cents per kilowatt hour starting January 1, 2026.
Chancellor Friedrich Merz said the plan aims to help energy-intensive firms face international competition.
Critics, including economists, say the plan lacks a long-term vision and could raise debt.
The subsidy costs 3 to 5 billion euros and requires parliamentary approval.