Commodities and Futures News

Berlin wants to reduce gas use by 2% with new regulations – officials

2022.08.12 23:54

Berlin wants to reduce gas use by 2% with new regulations - officials
Berlin wants to reduce gas use by 2% with new regulations – officials

 

Budrigannews.com – New measures to reduce Germany’s gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said on Friday.

Economy Minister Robert Habeck told the Sueddeutsche Zeitung newspaper last week the state would order certain energy savings measures such as only heating public buildings to a maximum of 19 degrees Celsius (66.2°F).

Under the new measures, corridors or big halls should not be heated at all, except in hospitals or care homes, ministry officials told Reuters. Private pools may no longer be heated while the illumination of buildings and memorials should be switched off to save on electricity.

Illuminated advertisements should also be turned off from 2200 to 0600 each day.

Around half of German households rely on gas for their heating and some 13% of electricity is derived from the fossil fuel. Gas also accounts for a third of industry’s energy. In recent years, half of that gas has come from Russia.

Germany needs to reduce gas consumption by 20% compared to before the crisis sparked by a stand-off with Russia over its invasion of Ukraine, to get through the winter without resorting to gas rationing.

 

Savings in the industrial and housing sector are expected to reduce consumption by 5-10% and the replacement by gas-fired power plants by coal-fired ones by another 3-5%. Consumption has already shrunk by up to 8% given high gas prices.

Germany will also be relying on gas storage facilities and liquid natural gas (LNG) terminals to get through the cold winter months when gas usage usually goes up.

 

 

Berlin wants to reduce gas use by 2% with new regulations – officials

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 103,042.61 1.72%
ethereum
Ethereum (ETH) $ 2,321.27 11.69%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.35 4.42%
bnb
BNB (BNB) $ 635.94 2.79%
solana
Solana (SOL) $ 171.48 7.07%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.204338 7.34%
cardano
Cardano (ADA) $ 0.780239 5.87%
tron
TRON (TRX) $ 0.261665 2.74%
staked-ether
Lido Staked Ether (STETH) $ 2,320.11 11.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,033.61 1.68%
sui
Sui (SUI) $ 3.90 0.27%
chainlink
Chainlink (LINK) $ 15.95 3.68%
avalanche-2
Avalanche (AVAX) $ 23.09 8.55%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,792.20 12.00%
stellar
Stellar (XLM) $ 0.294897 4.04%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 7.23%
hedera-hashgraph
Hedera (HBAR) $ 0.200578 5.10%
hyperliquid
Hyperliquid (HYPE) $ 24.99 13.91%
the-open-network
Toncoin (TON) $ 3.27 2.91%
bitcoin-cash
Bitcoin Cash (BCH) $ 408.58 2.11%
leo-token
LEO Token (LEO) $ 8.75 0.74%
usds
USDS (USDS) $ 1.00 0.01%
litecoin
Litecoin (LTC) $ 98.99 6.84%
polkadot
Polkadot (DOT) $ 4.76 10.30%
weth
WETH (WETH) $ 2,316.51 11.42%
monero
Monero (XMR) $ 310.70 6.54%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,471.09 11.76%
bitget-token
Bitget Token (BGB) $ 4.48 0.84%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.05%
pepe
Pepe (PEPE) $ 0.000012 17.29%
pi-network
Pi Network (PI) $ 0.719884 12.91%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,003.60 1.67%
whitebit
WhiteBIT Coin (WBT) $ 30.33 1.00%
uniswap
Uniswap (UNI) $ 6.29 13.48%
bittensor
Bittensor (TAO) $ 427.06 2.76%
near
NEAR Protocol (NEAR) $ 2.88 10.35%
dai
Dai (DAI) $ 1.00 0.00%
aptos
Aptos (APT) $ 5.50 4.23%
okb
OKB (OKB) $ 53.71 2.05%
ondo-finance
Ondo (ONDO) $ 1.01 6.50%
aave
Aave (AAVE) $ 209.14 6.89%
susds
sUSDS (SUSDS) $ 1.05 0.00%
crypto-com-chain
Cronos (CRO) $ 0.101536 5.01%
ethereum-classic
Ethereum Classic (ETC) $ 19.03 6.47%
official-trump
Official Trump (TRUMP) $ 14.41 16.49%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 5.38 6.79%