BERLIN, May 5 (Reuters) - There is no room for manoeuvre
in the German budget to pay for the industrial power price
subsidy proposed by the economy ministry, a spokesperson for the
finance ministry said on Friday.
Speaking during a regular news conference, the spokesperson
said that paying for the subsidy from a fund initially set up to
boost post-pandemic recovery would not be possible.
Earlier on Friday, the economy ministry had proposed a
subsidised industrial electricity price of 6 cents per kilowatt
hour (kWh).
The subsidy would be in place until 2030 and would cost
between 25 billion euros ($27.56 billion) and 30 billion euros
based on current market prices, the ministry said.
(Reporting by Friederike Heine; editing by Matthias Williams)
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