Germany plans to earmark between \u20ac3.5 billion to \u20ac4 billion ($4.7 billion) to ease the burden of high power prices for heavy industries over three years, a key lawmaker in the governing conservative alliance said Wednesday.<\/p>\n
That\u2019s well below the up-to-\u20ac30 billion that the previous government planned to set aside<\/a> for energy-intensive industries through the end of the decade. Still, the economy ministry earlier this month presented<\/a> a package to bring down energy costs for consumers, including a cut to power taxes for industrial consumers and \u20ac26 billion relief over four years on grid fees.<\/p>\n","protected":false},"excerpt":{"rendered":"Germany plans to earmark between \u20ac3.5 billion to \u20ac4 billion ($4.7 billion) to ease the burden of high…\n","protected":false},"author":2,"featured_media":167305,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,22054,164,2057,35153,5717,3786,18461,18460,171,2016,8193,5525],"class_list":["post-167304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-conservative","tag-economy","tag-europe","tag-gas-prices","tag-germany","tag-government","tag-industries","tag-july-sarl-caen","tag-markets","tag-russia","tag-taxes","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/167304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=167304"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/167304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/167305"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=167304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=167304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=167304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}