Germany to Implement Power-Price Cap With ‘Great Speed’
- Berlin also looking at how to push down heating, gas prices
- Economy minister says goal is for power-price cap this year
Olaf Scholz
Photographer: John MacDougall/AFP/Getty Images
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German Chancellor Olaf Scholz pledged that his government will quickly implement a power-price cap to help consumers and companies cope with soaring costs, and said it’s also looking into ways of damping down heating and gas prices.
“We will now push this through with great speed, so that we can relieve the burden on consumers as well as on companies when it comes to electricity prices,” Scholz said Tuesday in a speech at a BDA employers association conference in Berlin.