Core Viewpoint - Germany will provide subsidized electricity prices for energy-intensive industries starting January next year, aimed at reducing operational costs and enhancing competitiveness in sectors like steel and chemicals [3]. Group 1 - The German Minister of Economy and Energy, Katrin Reiche, announced the subsidy initiative at the EU "Friends of Industry" conference [3]. - The implementation of the industrial electricity price is expected to begin on January 1, 2026, with the aim of supporting high-energy-consuming enterprises [3]. - The European Commission has previously laid the groundwork for the implementation of industrial electricity prices under specific conditions, indicating potential support for Germany's initiative [3].

Core Points - From January 2024, Germany will provide subsidies for electricity prices to energy-intensive industries, aimed at reducing their costs [1] - The implementation of the industrial electricity price is expected to begin on January 1, 2026, and is considered crucial for the competitiveness of sectors such as steel and chemicals [1] - The European Commission has previously paved the way for the implementation of industrial electricity prices under specific conditions, and Germany's measure is anticipated to receive support from the European Commission [1]