The German government has agreed to introduce an industrial electricity price starting in 2026. The target price is to be 5 cents per kilowatt-hour for half of the electricity consumption and will be limited to the years 2026 to 2028. It is positive to note that the federal government is addressing the problem of Germany's high electricity prices compared to international standards. However, we are skeptical whether the planned subsidized electricity price will actually lead to a structurally better competitive position for the favored industries in Germany.