By John Cody of Remix News
A gas shortage and high prices will send “shockwaves through the country,” leading to landlords cutting the heat for tenants and widespread company bankruptcies, warned Klaus Müller, the head of Germany’s Federal Network Agency, which is the regulatory office for electricity, gas, telecommunications, postal services, and railway markets.
Müller paints a bleak picture about the crisis in an interview with German newspaper Rheinische Post, saying it will “send shockwaves throughout the country. Banks will ramp up their business with installment loans, and ailing companies will fall into insolvency.”
Müller’s office, which is a federal agency within the Federal Ministry for Economic Affairs and Climate Action, has a bird’s eye view of the economic situation in Germany and also special insight into how economic conditions will develop into the future.
Müller says he expects gas prices to continue to climb, resulting in increased inflation that goes far beyond energy. He also warns that there will be a dramatic lack of gas in the winter, which could lead to landlords turning down the heat to save on energy. In turn, Germans may have to grapple with colder apartments.
In a sign that the German government is operating under the assumption that a potential crisis could develop in winter, there are already talks about potentially lowering heating requirement for landlords.
“Tenancy law stipulates that the landlord must adjust the heating system during the heating period so that the minimum temperature falls between 20 and 22 degrees Celsius. The government could temporarily lower the heating requirements for landlords. We are discussing this with politicians,” Müller said.
The government has already pushed businesses and citizens to reduce their energy consumption, but that pressure may come in the form of new laws and regulations in the future, with Müller calling for more pressure to be applied to save gas. Although Germany has pushed for a general ban on Russian oil imports, the country is highly reliant on natural gas from Russia. If Russia were to cut gas in the critical winter months or even restrict supplies, it could lead to critical damage to the German economy, a scenario energy experts have already warned about.
Germans will not only be colder in their apartments, but companies will also face mass bankruptcies, said Müller. However, he said government policies could help mitigate financial losses and preserve critical gas supplies. He said he wants to encourage companies to save gas with a bonus scheme.
“We want to establish mechanisms to reward companies that voluntarily give up gas quotas with a premium. It is always better when adjustments are made via prices rather than via direct state intervention.”
Müller is also pessimistic about price trends in Germany, and expects the situation to deteriorate.
“Gas prices for private households have already multiplied compared to the pre-war period. There can be a nasty surprise for tenants if high back payments are due,” he said, referring to the fact that many Germans get surprise bills at the end of a billing cycle if energy prices rise.
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Apparently the Nordstream 1 pipeline had some pumps go offline (on the fritz) and they got sent to Canadia to get repaired. The Canadian company involved in the repair said they couldn’t repair them without running afoul of the international sanctions regime. So Russia has “had to” cut gas to Germany by 40%. I believe there’s still enough gas flowing for Germany’s immediate needs, but they’re not getting the extra that they were using to build up their stock for the coming winter.
They’re a bunch of stupid, virtue-signaling imbeciles. Let them freeze. Hopefully, the even more imbecilic Swedes, Norwegians, Finns and Danes will also freeze. Time to pay the piper for all the woke grandstanding over the years.
Get woke, go cold.
Maybe Germany should stop living in fantasy land and ditch their regressive energy policy.
they will. when motived there’s little they can’t do.
It is all under control, Germany is preparing. From May 5 2022:
https://www.reuters.com/business/energy/germany-ramps-up-capacity-lng-imports-replace-russian-gas-2022-05-05/
Oops, from June 9, 2022
Ah the ratchet effect in action. 20-22 becomes 18-20, 18-20 becomes 16-18. Then the government realizes that there is not enough energy for even 16, so everyone has to start doubling up and sharing a home, for the environment.
But hey, they increased the chocolate ration again……
They powerful fuck things up, the powerless people suffer the consequences, every time.
You get what you allow.
“they increased the chocolate ration”
would work for me ….
????
Then you should read 1984. “increased” from 30 to 20 grams.
“Ah the ratchet effect in action. 20-22 becomes 18-20, 18-20 becomes 16-18. Then the government realizes that there is not enough energy for even 16, so everyone has to start doubling up and sharing a home, for the environment.”
I immediately thought the same thing.
Looking like the Germans are going to have their worst winter since 1945-46.
Germany is the engine that drives the European Union. And Brandon has tossed a spanner in the works. If and when Germany falls then so will the EU, the center can not hold so it won’t.
The only hope that the Germans have is to re align with Russia and the same thing for Europe as a whole. Otherwise they are going to starve and freeze this winter, after all the US is going to have its problems sourcing fuel and fuel this winter. But Brandon will probably send another Multi Billion dollar military aid package for Putin to capture, minus 10% for The Big Guy of course.
It’s almost as if Brandon wants this to happen to substantially further weaken the US.
If that was their goal, what would they be doing different?
biden is jello. THIER goal is 1) gain control and ownership of everything they can, and 2) eliminate everything else.
I would expect elderly/sick/infirm die-off from the winter cold to be quite significant.
No mask for that though, no mRNA jab for the cold either.
I wonder if all the cultural diversity will be cold this winter?
Ahem, that “head of Germany’s Federal Network Agency” Klaus Müller was only appointed to his position a few months ago because he is a member of a certain political party.
He has no engineering degree, or understanding of the matters involved.
Before this widely touted press release, he had never spoken of the potential problems for Germany’s energy situation,
and he for sure has never offered a glimpse of what he intends to do to resolve, or at least ease the problems.
In short, a total dumbass now on PR tour.
He is, however, a Brony – and an expert on unicorn farts.
/presumably
Coming to a country near you, soon.
https://www.youtube.com/watch?v=Jh3SgTid0mA