The EU’s energy commissioner has warned Germany that a cap on electricity costs for industry would harm Europe’s single market, as she urged Berlin to back fairer reforms to ease power prices.
Kadri Simson, a commissioner from Estonia, challenged Germany’s idea of an “industry price” for electricity as she advocated the European Commission’s alternative proposals to stabilise the market through the use of long term contracts.
“A lot of member states have different budgetary possibilities to subsidise their industry,” Simson told the Financial Times, referring to Germany’s nascent proposals. “We have to take into account that there has to be fair competition in the EU.”
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