The Ministry of Economics is planning relief for tenants, companies and numerous other institutions in the billions due to the increased energy prices. The sum is divided into seven areas.
The Ministry of Economic Affairs has drawn up a plan that is intended to relieve tenants, companies and hospitals by a total of around 13 billion euros through hardship regulations.
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Tenants and residents of owner-occupied residential property are to receive around 500 million euros through three hardship regulations for citizen benefits. The three changes are:
The paper cites these three points as examples of planned relief. So there might be more points. The paper leaves it open which and how many that will be.
Small and medium-sized companies whose energy costs have quadrupled for at least three months between June and November compared to the previous year will be reimbursed a further deduction according to the plan of the Ministry of Economic Affairs.
“In cases of particular hardship, support will also be possible during the term of the price brakes,” says the plan. “Particular hardship cases” are therefore particularly energy-intensive operations.
Hospitals and social institutions are to be saved from insolvency by being reimbursed in full or in part for additional energy costs and by receiving flat-rate payments for inflation indirectly caused by energy prices. With around eight billion euros, the Ministry of Economic Affairs has planned by far the largest total for them.
The other plans also involve a lot of money: the Ministry of Economic Affairs and the federal states want to provide housing companies with emergency loans of up to 1.4 billion euros so that they can make increased energy advance payments. Social services such as rehabilitation facilities and workshops for the disabled receive up to 95 percent of the difference in energy costs between 2022 and 2021, which also costs a total of one billion euros. Similar rules apply to cultural institutions and social organizations that “ensure social cohesion and strengthen democracy”, such as adult education centres.
The projects of the Ministry of Economic Affairs are not final. They still have to be approved by the cabinet, Bundestag and Bundesrat. The plan for corporate aid reveals the most concrete plans. They are to be financed from the Economic Stabilization Fund and submitted to the next meeting of the Prime Ministers’ Conference (MPK) with Federal Chancellor Olaf Scholz (SPD) on Thursday, December 8, for a decision. The paper does not reveal any concrete timetables for the other aid.
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