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The electricity prices for the industry are around the same since 2014: https://www.bdew.de/service/daten-und-grafiken/bdew-strompreisanalyse/ https://www.bdew.

by mertbio 2mo ago

The electricity prices for the industry are around the same since 2014: https://www.bdew.de/service/daten-und-grafiken/bdew-strompreisanalyse/ https://www.bdew.de/service/daten-und-grafiken/bdew-strompre...

AlexandrB 2mo ago
No they aren't, it looks like the prices doubled and the government significantly cut taxes to hide the increase. That's not to mention the 3 year price spike during 2021-2023. Who's paying for the lost revenue from the tax cuts?
- umpalumpaaa 2mo ago
  Yeah and the tax reduction will end in 2028. What I said still stands: German electricity prices for the industry are and will be one of the highest in the world.
  - tfourb 2mo ago
    The tax reduction will almost certainly be extended and not be allowed to sunset. Industry electricity costs are more or less in line with other highly developed countries around the world and will remain so. Also, many larger industrial companies do not source their electricity from the common grid, but have dedicated power plants and increasingly their own investments in renewable energy production.
    - umpalumpaaa 2mo ago
      No company invests billions into industry projects with that kind of political uncertainty. You can see it in the numbers: BASF stopped basically all investments in Germany. You cannot bet your whole company on a tax cut that was recently introduced and is already scheduled to disappear.
      - tfourb 2mo ago
        Managers bet their companies on more stupid stuff all the time. Elon Musk just bet SpaceX and Twitter on datacenters in space … In the political reality of Germany there is literally 0 chance that these tax cuts won’t be extended. Low investment by BASF has many reasons, but their inability to get politicians to extend that tax cut isn’t one of them.
- mertbio 2mo ago
  That doesn't change the fact that the prices didn't change for the companies therefore OP's argument about this hurt the companies doesn't have any basis.

by mertbio 2mo ago

AlexandrB 2mo ago

No they aren't, it looks like the prices doubled and the government significantly cut taxes to hide the increase. That's not to mention the 3 year price spike during 2021-2023. Who's paying for the lost revenue from the tax cuts?

umpalumpaaa 2mo ago
Yeah and the tax reduction will end in 2028. What I said still stands: German electricity prices for the industry are and will be one of the highest in the world.
- tfourb 2mo ago
  The tax reduction will almost certainly be extended and not be allowed to sunset. Industry electricity costs are more or less in line with other highly developed countries around the world and will remain so. Also, many larger industrial companies do not source their electricity from the common grid, but have dedicated power plants and increasingly their own investments in renewable energy production.
  - umpalumpaaa 2mo ago
    No company invests billions into industry projects with that kind of political uncertainty. You can see it in the numbers: BASF stopped basically all investments in Germany. You cannot bet your whole company on a tax cut that was recently introduced and is already scheduled to disappear.
    - tfourb 2mo ago
      Managers bet their companies on more stupid stuff all the time. Elon Musk just bet SpaceX and Twitter on datacenters in space … In the political reality of Germany there is literally 0 chance that these tax cuts won’t be extended. Low investment by BASF has many reasons, but their inability to get politicians to extend that tax cut isn’t one of them.
mertbio 2mo ago
That doesn't change the fact that the prices didn't change for the companies therefore OP's argument about this hurt the companies doesn't have any basis.