Vienna (OTS) –
The current draft of the Renewable Gas Act (EGG), which in its planned form represents a massive burden for companies, is to be passed in a rush during this legislative period. “The domestic industry is currently under massive pressure and in a recession that has already lasted for a long time. Now burdening companies with a billion-euro cost backpack is more than irresponsible,” warns Christoph Neumayer, General Secretary of the Federation of Austrian Industries (IV). The compensation contribution for failure to meet the green gas quota will drive up the already very high energy prices even further and artificially increase the price of gas. In the end, the entire industry and economy will pay for the inefficient funding model.
“Especially in times of recession, it would be appropriate to strengthen the competitiveness of energy-intensive industries, in particular by immediately extending electricity price compensation. Instead, billions of euros in budget burdens are being decided just before elections, which will drive up prices even further and thus weaken competitiveness,” said Neumayer. Energy-intensive companies in particular, such as those in steel production, the paper industry, in the production of aluminum or in the life sciences/pharmaceutical sector, are affected by the huge additional costs.
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