The price increases will be according to the study of large customer contracts. “For households, prices are expected to grow stronger because they can not negotiate such high discounts,” said engineer Karl-Friedrich Ziegahn, who coordinated the study. The rising costs explained both from the expansion of renewable energies as well as the necessary grid expansion and subsidization of solar and wind power.

Germany has high electricity prices

“We currently have the highest electricity prices in the EU,” said Bechtold. In France, about 40 percent less cost of electricity. Such a range could not afford the industry in Germany in the long run. “Then we need policy responses.” One possibility is that prices per sliding scale for energy production. On windy or sunny days with a lot of electricity from renewable energy sources as prices might be reduced. “This is what the consumer can then set up and turn on energy-intensive machines then,” said Bechtold. With new control technology that was quite affordable.

The industry is prepared to support the transformation of energy, they have only a few screws, turn where they can, Bechtold said. The largest is the efficiency. At this point, the company contributed in Baden-Wuerttemberg Exemplary. “The farms in the southwest are more efficient than the 22 percent in the rest of the country and even 30 percent more efficient than those in other EU countries.”

Dax

MDAX

Jones

Nasdaq Nasdaq Composite Index

investors doubt Spain

The auction of new Italian and Spanish bonds reflected the increasing again doubt the power of investors in the reform countries. For a Spanish paper and twelve-month for Italian bonds with a three-year period, the Minister of Finance to pay higher interest rates than last. “The risk that comes out of Greece to the euro, there is. And that should happen, rises again, the danger of contagion for countries like Italy and Spain, “said ING strategist Alessandro Giansanti. The nervousness of investors was very high, it was on the market.

Ulrich Leuchtmann, currency expert at Commerzbank, wonders, especially if Europe may relax the requirements for saving the Greek. He is expecting a tough stance, which the fear of leaving Greece should stay out of the monetary union.

shareholders sell bank stocks

Europe suffered from bank stocks. In Germany lost the title of the Deutsche Bank 4.12 percent Commerzbank papers fell 2.70 percent. The The price of Infineon shares fell by to 3.35 percent. They suffered from the fact that CEO Peter Bauer is the end of the current fiscal year, retire for health reasons from the Board. The shares of slipped after Citigroup to a study from 3.81 percent. Minus 5.10 percent at 36.58 euros, the papers of HeidelbergCement Dax weakest value. So they made as deep as last January.

The leading European copper company Aurubis surpassed his numbers for the second fiscal quarter of the market expectations. This propped up the stock, which remained stable with an increase of 0.09 percent as the third most important value in the MDAX. For went in SDax to 5.79 percent up. The ailing DIY chain has found a new investor, and build the business even stronger than previously planned.

€ drops to $ 1.28

The German bond market fell, the average yield of listed Federal securities of 1.23 percent to 1.17 percent on Friday. The course of the € fell: The European Central Bank (ECB) set the reference rate at 1.2863 (Friday: 1.2944) dollars. The dollar cost to 0.7774 (0.7726) €.