However, energy-intensive industries have been disproportionately affected by the rise in energy prices, becoming less competitive. Thanks to good earnings and financing conditions, enterprises should generally be in a good position to absorb the rise in energy prices.
[11] However, all other things being equal, there is likely to be an incentive for energy-intensive industrial plants to tend to invest in countries where energy costs are comparatively low and will remain so in future. Of course, simply looking at current energy costs doesn’t go far enough here.