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Germany's Economy Minister Katherina Reiche is proposing changes to energy transition rules, including cutting solar subsidies, while energy provider EnBW supports her grid package, emphasizing the need to link green electricity expansion with grid infrastructure for a successful 'Energiewende' and calling for further reforms.
Germany is releasing part of its national oil reserves to stabilize markets and mitigate rising energy prices, with Economy Minister Katherina Reiche reportedly giving in on the decision.
Germany's Economy Minister Katherina Reiche plans to reduce subsidies for wind and solar power plants, promoting only those 'we really need' as part of the new EEG and grid connection package.
The Federal Minister of Economics from the CDU has not appeared much in public so far. This could change now in view of the consequences of the Iran war.
Wirtschaftsministerin Reiche hielt sich nach der Sperrung der Straße von Hormus auffallend zurück - Maßnahmen gegen hohe Spritpreise beschlossen andere.
Germany's Economy Minister Katherina Reiche aims to regulate the fuel market by proposing that gasoline prices should only rise once a day, a measure intended to calm prices amid the energy crisis and high prices linked to the Iran war.