“Companies at risk” – Tyrolean World Cup demands European gas price ceiling

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Prices for gas and electricity are rising and rising, as the “Krone” reported several times. On Friday, Christoph Walser, president of the Chamber of Commerce, warned Christoph Walser and Stefan Garbislander, head of the department of economic policy, innovation and sustainability, that small and medium-sized enterprises have their backs against the wall. They demand, among other things, a gas price ceiling.

“At the moment a kilowatt hour costs five cents, later 60 cents. Companies that previously paid 30,000 euros per year for electricity will have to pay around 300,000 euros after the increases,” Walser calculated. Just like with private customers, you also have to help companies.

“If nothing is done, we can expect a wave of bankruptcies,” warned the World Cup boss, who visited only five larger well-known Tyrolean companies on Thursday. “They all say that Europe as a location will be in jeopardy if energy prices are not immediately curbed.”

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Garbislander discussed the causes of the increased prices. While these can also be attributed to the war in Ukraine, “they are also the result of the extremely dry summer, which reduced the capacity of hydroelectric plants to produce electricity, which had to be purchased.”

And what is the solution? “We need a European gas price ceiling,” they both agree. In addition, the merit order must be revised and hydropower and photovoltaics must be greatly expanded. Significantly shorter approval procedures and streamlining of bureaucratic hurdles are needed.

Finally, Walser and Garbislander argued for a quick payout of the energy cost subsidy for companies promised for the summer: “The payment is taking way too long!”

Source: Krone

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