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Risk Advisory
Security for your business
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Digital advisory & IT consulting
Mastering digitalisation together
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Operational Advisory
Solidifying and supporting transformation
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Deal Advisory
We’ll advise you on national and international transactions
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Valuation & economic and dispute advisory
We’ll value your business fairly and realistically
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Financial Advisory
Optimising financial structures
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Tax for businesses
Because your business – national or international – deserves better tax advice.
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Tax for financial institutions
Financial services tax – for banks, asset managers and insurance companies
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Employment law
Representation for businesses
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Commercial & distribution
Making purchasing and distribution legally water-tight.
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Inheritance and succession
Don’t leave the future to chance.
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Financial Services | Legal
Your Growth, Our Commitment.
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Business legal
Doing business successfully by optimally structuring companies
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Real estate law
We cover everything on the real estate sector, the hotel industry, and the law governing construction and architects, condominium ownership, and letting and renting.
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IT, IP and data protection
IT security and digital innovations
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Mergers & acquisitions (M&A)
Your one-stop service provider focusing on M&A transactions
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Sustainability strategy
Laying the cornerstone for sustainability.
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Sustainability management
Managing the change to sustainability.
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Sustainability reporting
Communicating sustainability performance and ensuring compliance.
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Sustainable finance
Integrating sustainability into investment decisions.
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International business
Our country expertise
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Entering the German market
Your reliable partners.
Secure the privilege under the Renewable Energies Act now!
Stefan Sinne
15 Jun 2020
Another amount of € 20 billion will be required for funding Germany's climate and energy technology renewal. The lower requirement for energy during the COVID-19 lockdown, together with a lot of sun and wind in spring temporarily resulted in negative electricity prices. Due to the support measures for renewable energy this cost advantage for consumers will be skimmed off by significantly higher payments from the funds for the surcharge for renewable energy. The reduction of the surcharge levied on electricity consumers to 6.5 cents/kWh in 2021 and to 6.0 cents/kWh in 2022 will reduce the reciprocal financing by all electricity consumers, which will inevitably follow as from 2021, and the electricity bills will come down. However, the benefit from the limitation of the surcharge for renewable energy will be lower for energy-intensive businesses. This effect will be intensified by the presumably lower energy consumption in 2020, which will have a negative impact on the "electricity cost intensity".
Practice note
We therefore recommend checking the decisive influencing factors of electricity cost intensity, i.e. the current electricity cost and the gross value added already at this stage, and taking measures to secure the privilege under the Renewable Energies Act (EEG) still in autumn. We will be pleased to support you with the structuring and implementation of the monitoring process.
Getting started with the climate-neutral change of production processes
Another measure in the fiscal package is to get started with the climate-neutral change of production processes. With a "national hydrogen strategy", together with foreign trade partnerships, the federal government is promoting the shift from fossil fuel-based production processes (e.g. in the steel industry, but also in all other production processes consuming a lot of energy). The aim of the investment subsidies and an exemption (!) from the surcharge for renewable energy are planned to lay the groundwork for the development of new technologies. But also the promotion of building new transport and storage capacities for "green" hydrogen are on the political agenda. Our experts can provide support also in this field with the financial monitoring of the analysis and initiation of related processes.