Government to Waive Green Electricity Rate in 2027

A planned suspension of renewable energy subsidies aims to save average households 53 euros annually starting in 2027.

The government has announced a complete waiver of the green electricity flat rate for 2027. This plan includes the total suspension of the renewable energy subsidy contribution and the subsidy flat rate, with a parliamentary vote scheduled for November 17.

Economic Affairs Minister Wolfgang Hattmannsdorfer and State Secretary Elisabeth Zehetner noted that households with average consumption will save 53 euros annually. This relief is three euros higher than the savings from the 2026 electricity tax reduction.

While NEOS spokesperson Karin Doppelbauer monitors the plan, large industrial firms could see costs drop by half a million euros. The measure requires a two-thirds majority in Parliament to pass, following last year's temporary cut to the electricity tax.


WIFO Head Proposes Pension System Reform

Gabriel Felbermayr advocates for a Swedish-style capital-funded model to supplement Austria's current pay-as-you-go pension system.