Wednesday , 29 May 2024
Home Global Economy Germany's plan for the winter: save gas, heat less
Global Economy

Germany's plan for the winter: save gas, heat less

Regardless of the fact that Russian gas is once again flowing to Germany via Nord Stream 1, Economics Minister Robert Habeck has announced measures to save gas in the future. According to Habeck, Russia has become an unreliable energy supplier.

"Looking at everything we've seen – Gazprom Germania, the sanctions, the technical reasons given – we always have to expect that something will be found to continue the flow of gas, which has been very regular in the decades before to interrupt, to reduce," said the German Economics Minister.

German industrial companies should save gas, but also the population: in rented apartments, the so-called minimum temperature heating obligation should be suspended in the next two winters, heating systems must be serviced and, if necessary, non-controllable circulation pumps must be replaced. Heating swimming pools in private homes with gas is to be banned next winter. Savings are also to be made in public buildings by no longer heating passageways such as entrance halls or corridors.

"In addition to the hard coal, which has already been taken out of the reserve by regulation, we will also activate the lignite reserve from October 1st in order to store gas by generating electricity from lignite," Habeck continued.

The German gas storage facilities are to be filled more quickly than previously planned. For November 1, Habeck is aiming for a level of 95 percent of the total capacity, previously 90 percent was the goal. Around 65 percent of the gas storage facilities in Germany are currently occupied.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Global Economy

Spotlight on 2023: S&P 500 and the Significance of the 4400 Level

In our past exploration of the financial landscape of 2023, we delved...

Global Economy

AI and Data Analytics Drive Efficiency in Money Laundering Detection

BIS Innovation Hub Turns to Tech for Money Laundering Detection The BIS...

Global Economy

Russell 2000 Gains Momentum as Tech Stocks Outperform Value

Tech stocks have dominated the equity markets in recent months, surpassing value...

Global Economy

Crypto Exchange Bybit Announces Exit from Canadian Market Amid Regulatory Changes

Regulatory Shifts Prompt Bybit's Strategic Withdrawal from Canadian Crypto Market