Germany warns of “Europe’s greatest power disaster” – FT: Fuel use to be reduce by a fifth

Head of the German Power Company Klaus Mueller estimates that the nation should reduce its fuel consumption by 20 p.c with a purpose to keep away from the looming fuel scarcity in winter.

He says

immediately that German firms and households should put together for “Europe’s greatest power disaster on this era”.

“If we don’t attain our objective of 20 p.c fuel financial savings, there's a severe threat that we received’t have sufficient fuel,” says Müller.

He estimates that Germany additionally wants further fuel from different sources to compensate for the lower within the quantity of Russian fuel. In keeping with Müller, it may very well be liquefied pure fuel bought from the US and fuel imports from different EU international locations.

Müller additionally warns of the excessive worth of giving up Russian fuel and anticipates that some firms might transfer their manufacturing out of Germany due to the costly fuel.

In keeping with the Monetary Instances, Germany has already moved into the second part of a three-part emergency plan, the place firms and public companies have been ordered to decrease the minimal temperature of their workplaces to 19 levels through the winter. If the emergency plan strikes to the final third stage, there may also be restrictions on using industrial fuel.