The Austrian Renewable Energy Association (EEÖ) has issued a strong critique regarding the recent public discourse surrounding the new Electricity Industry Act (ElWG). According to the EEÖ, presenting the legislation as a 'cheap electricity law' misrepresents its actual impact and diverts attention from significant shortcomings.

The organization raised concerns that, rather than reducing electricity prices, the proposed law could act as an impediment to the energy transition and potentially result in increased costs for consumers and businesses in the long term. The EEÖ emphasized that the current structure of the law could undermine supply security, weaken Austria as an investment location, and contribute to higher electricity rates in the future.

Concerns Over Legislative Process

The EEÖ expressed apprehension about the influence of economic interest groups, particularly arguing that the process has been shaped by outdated demands associated with fossil fuel-dependent companies. The association highlighted that the needs of small and medium-sized enterprises (SMEs) engaged in the energy transition--spanning the entire value chain--have not been adequately considered.

The group further stated that the legislative approach by key political and economic stakeholders appears to accept negative consequences for many SMEs, rather than implementing sustainable solutions for affordable energy. This, according to the EEÖ, runs counter to the interests of both consumers and businesses seeking reliable and reasonably priced energy.

Impact on Investment and Legal Certainty

Another major issue identified by the EEÖ concerns the potential for retroactive legal changes that could affect established economic conditions. The association warned that such measures could erode investor confidence, creating uncertainty about the risks involved in Austrian energy sector investments. This, in turn, could raise financing costs for projects aimed at advancing the energy transition, ultimately impacting end-user energy prices.

Despite the consultation period for the legislation having concluded earlier in the year, the EEÖ noted that many expert reports have highlighted substantial economic, legal, and policy concerns. The association criticized the apparent disregard for these expert opinions, as well as the acceptance of provisions that might conflict with European Union regulations.

Call for Substantive Legislative Reform

The EEÖ asserted that the current version of the Electricity Industry Act lacks sufficient technical and substantive grounding. They cautioned that promotional messaging has been used to compensate for these deficiencies, potentially misleading the public about the law's real effects. The association concluded that, in its present form, the law does not serve the interests of consumers, businesses, or Austria's energy future.

The EEÖ's position is that the legislation should be reconsidered to ensure it provides genuine, long-term solutions for affordable and secure energy, supports economic and investment stability, and advances the country's renewable energy goals.