German Economy Minister Katherina Reiche said she expects the government’s new mechanism for subsidizing electricity costs for energy-intensive industries through 2029 can be rolled out at the start of next year.
Reiche told reporters in Berlin that negotiations with the European Commission on the “industry power price” are in the final stages, and she expects the measure — which could cost as much as €5 billion ($5.8 billion) — to be introduced on Jan. 1.