Today: Tuesday, 6 December 2022 year

German authorities urged businesses and citizens to be prepared for a significant increase in gas prices

German authorities urged businesses and citizens to be prepared for a significant increase in gas prices

The situation is tense and worsening cannot be ruled out, the German Federal Network Agency said.

“Wholesale prices increased significantly as a result of reduced supplies and stabilized at a high level. Businesses and individuals should look forward to significantly rising gas prices,” the agency said in a daily report.


Earlier, German Economy Minister Robert Habek announced the activation of the second stage of the gas emergency plan. In particular, he suggests that firms should start saving fuel costs.