“The electricity price brake is coming,” confirms Chancellor Karl Nehammer exclusively to the “Krone”. And adds: “We want to adopt them in the Council of Ministers on Wednesday so that we can implement them quickly.”
“We are still working on the last details, but nothing stands in the way of a decision in the Council of Ministers,” confirms Leonore Gewessler’s Ministry of Energy.
First details leaked
The first details also leaked from government circles: the brakes must be effective for 80 percent of the average consumption of a household and enormously dampen the increase in costs. For anything beyond that, the market price has to be paid. This should also provide incentives to save electricity.
The federal government calculates that the brake on the electricity price should relieve a household by an average of about 500 euros per year. A total of around 2.5 billion euros will be made available for this.
Support energy-intensive companies
In order to support energy-intensive companies, especially SMEs, including craft businesses, the government is currently finalizing the necessary, rapid aid, including through the energy cost subsidy. Once the directive has been finalised, the aim is to get funding at EU level as soon as possible. Another essential building block for Austria’s international competitiveness is the electricity price compensation for energy-intensive industry, which is currently being finalized in the BMK.
Following Wednesday’s decision in the Council of Ministers, the electricity price brake should be adopted in parliament as soon as possible, probably in October.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
