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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

VCI bemoans fall in competitiveness with new tariffs for in-house electricity production

12:53 PM MDT | June 24, 2014 | Michael Ravenscroft

German chemical industry association VCI (Frankfurt) has sharply criticized the agreement between the German government and the European Commission to tax new plants for in-house electricity more heavily. To make matters worse, the safeguards for generating electricity in-house will be continued only until the end of 2016, VCI says. “This is completely unacceptable,” says Utz Tillmann, managing director VCI. Such uncertainty for planning security will endanger any type of investment in maintaining or extending in-house electricity production. As a...

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