Germany’s €65bn package of energy relief measures should not overlook the need for massive investment needed in gas, hydrogen and LNG infrastructure, according to industry body BDEW.
Commenting on the Federal Government’s third relief package, Kerstin Andreae, Chairwoman of the BDEW Executive Board, said while the relief package will help dampen enormous spikes in energy prices caused by the war, Germany can only invest its way out of this crisis in the medium and long term. The BDEW Federal Association of Energy and Water Management represents over 1,900 companies.
Andreae said, ”We therefore need smart approaches that advance Germany as a business location and the energy transition. In addition to investments in the massive expansion of renewable energies, this also includes gas, hydrogen and hybrid power plants, LNG and network infrastructure, storage technologies and electrolysis systems.
“These investments in the energy transition must not be reduced by an excess profit tax. In addition, it must be examined whether a reduction in network charges can also be achieved by using the federal subsidy for the EEG levy account.”
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