Kretschmer calls reduction in electricity tax "emergency operation"

Saxony's Minister President Michael Kretschmer sees the planned reduction in electricity tax for the manufacturing industry as an "emergency operation, but not a permanent solution". The CDU politician explained on Thursday that Saxony had been calling for the reduction for a long time and that it was urgently needed. "The federal government is thus acknowledging the dramatic emergency situation regarding energy prices." It is now clear that the current energy policy has failed. The energy transition must be "readjusted".

The German government wants to reduce the price of electricity for businesses through a tax reform. According to Deutsche Presse-Agentur, plans include a significant reduction in electricity tax for the manufacturing industry and an expansion of the current electricity price compensation for companies that are particularly affected by high electricity prices.