German Gas Commission Experts: First relief measure should be in place by end-2022

Experts from the German Gas Commission came out on the wires, via Reuters, this Monday, sharing their view on the government’s gas relief program.

Key takeaways

By the end of the year, the first relief measure should be in place.

Supply situation remains tense despite full storage.

Ideally, relief will reduce inflation.

We do not want Europe to think that Germany is going alone, we should show solidarity.

Two-stage model proposed: firstly, with payment for month of December, secondly gas and heating price brake from march until end of April.

Price should be reduced to 12 cents for 80% of usage.

Those who save will profit from this model.

Threat to industry is threat to security and social system too.

We are heading towards recession.

For industry, procurement price of 7 cent proposed.