A company survey conducted by the Association of German Chambers of Industry and Commerce (DIHK) has revealed that companies fear the consequences of higher electricity and gas prices. Almost half (46%) of the 600 or so companies surveyed fear a loss of competitiveness in Germany as a business location as a result.
In addition, companies also fear that they will have to postpone investments in core processes (14%), climate protection measures (11%) and research and innovation (3%). 26% of the companies surveyed do not see themselves affected by rising electricity and gas prices.
The DIHK also asked companies about their solutions. This revealed that around two thirds are considering changing their procurement strategy. More than 40 percent are very interested in long-term direct supply contracts for green electricity, known as Green PPAs. According to the DIHK, these not only help them on their way to climate neutrality, but also stabilize the price of electricity.
Source: DIHK
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