Germany is officially at energy risk. Germans consume TOO MUCH
Germany is currently in an "extremely tense situation " in terms of energy supply, Economy Minister Robert Habeck said Friday, adding that Europe's largest economy still risks running out of gas this winter.
“We are still in this emergency situation. If we do not save, if households do not reduce consumption, we still risk not having enough gas in the winter, ” Habeck told local radio Deutschlandfunk, quoted by Reuters.
The minister's assessment of the energy supply situation comes one day after Germany announced plans for a multi-billion euro "defensive shield" to protect households and businesses from soaring energy prices, and one day later that the German regulator has once again warned that energy and gas conservation is necessary if Germany is to avoid gas shortages this winter.
On Thursday, the German government announced that it was abandoning previous plans for a gas levy on consumers and would instead introduce a gas price cap to contain the surge in energy bills. German Chancellor Olaf Scholz called a $ 196 billion (€ 200 billion) "defensive shield" to protect businesses and consumers from the impact of soaring energy prices.
Under the new plan, Germany will introduce an emergency brake on gas and electricity prices, as well as eliminate a previously planned gas levy for consumers, to avoid further price increases. The gas levy, which was due to take effect Saturday and remain in effect until April 2024, was intended to help public services cover the costs of replacing Russian supplies.
Also on Thursday, the Federal Agency of German Networks (Bundesnetzagentur) declared that gas consumption increased too much last week, reaching levels higher than in previous years, and that without considerable gas savings – even by households – it will be difficult for the country to avoid gas shortages this winter.
"Without significant savings, even in the private sector, it will be difficult to avoid a gas shortage in the winter," agency president Klaus Müller said Thursday.
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The article Germany is officially at energy risk. Germans consume TOO MUCH comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-germania-e-ufficialmente-a-rischio-energetico-i-tedeschi-consumano-troppo/ on Fri, 30 Sep 2022 15:49:27 +0000.