The Ministry of Economy declared on Thursday the second phase of the emergency plan for gas due to the cut off from Russia and high prices.
Additional comments
The Government will not activate the clause that allows companies to pass on price increases at this time.
Security of supply is currently guaranteed, but the situation is tense.
If the gas supply from Russia remains at the current low level of 40%, the storage level of 90% by December is hardly achievable without additional measures.
Prices are already high, we must prepare for further increases.
Germany will grant 15,000 million euros in lines of credit to fill gas deposits.
Germany will launch a summer gas auction model to encourage industrial gas consumers to save gas.
Source: Fx Street
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