FILE PHOTO: Gas compressor station, in Mallnow. © Reuters/HANNIBAL HANSCHKE
Reuters: German firm calls for energy price cap to avoid social unrest
BERLIN (Reuters) - Household energy costs could triple in Germany as Russian gas supplies dwindle, officials in the sector said, and one company representative raised the possibility of social unrest unless there was a cap on prices.
In an interview with the RND newspaper group published on Thursday, Klaus Mueller, head of the Federal Network Agency regulator urged consumers to reduce consumption and set aside money.
And in an interview with Reuters, the head of the municipal works of Chemnitz, one of the 900 city-owned public companies that are a major part of Germany's energy landscape, went further.
Read more ....
WNU Editor: Here is a grim analysis on what would happen if Russian gas is cut-off .... What happens to Germany if Russia turns off the gas? (DW).
Update: This is not a good sign. Instead of building up its reserves for winter, Germany is starting to draw-down on them .... Germany tapping into gas reserves as winter approaches - regulator (Reuters). More here .... Germany's Uniper forced to draw on gas supplies reserved for winter emergency (Financial Times).
Growing Fears In Germany Of Social Unrest If Natural Gas Prices Triple
German Energy Industry Warns Of High Prices & Social Unrest -- OilPrice.com
Social Unrest Risks Rise As German Power Prices Squeeze Households -- Zero Hedge
Germany: Consumers can expect heating bills to 'at least triple' -- DW
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