Expert warns that German industry must brace for energy rations, which would ultimately mean mass job losses.
Germany is grappling with a serious energy crisis and has no quick solutions for it amid soaring energy prices as a result of the Russian war in Ukraine.
Economy Minister Robert Habeck termed the current energy crisis in his country “serious” as Berlin is preparing new measures to react to a cut in Russian gas supplies by reviving coal plants and providing financing to secure gas for the winter.
“Security of supply is currently guaranteed, but the situation is serious,” the minister told German television network ZDF.
Habeck warned that supplies could be “really tight” in the winter without full reserves.
He stressed that reviving coal is “bitter” but added that “it’s simply necessary for this situation to reduce gas consumption.”
“We must and we will do everything we can to store as much gas as possible in the summer and fall,” Habeck added.
-AA