BASF boss Martin Brudermüller has spoken out in favor of nationalizing the electricity grid. Rising network fees and the fact that the federal government is now auctioning off land for wind farms for billions of dollars are causing electricity costs to continue to rise.
Germany is now feeling the consequences of rising energy costs over the past two years with a delay, he says. He doesn't see the danger of deindustrialization as "that radical," but the share of industry will "certainly decline"