Today: Tuesday, 16 August 2022 year

The head of the German Ministry of Economy predicted a difficult autumn for the Germans and an increase in heating prices

The head of the German Ministry of Economy predicted a difficult autumn for the Germans and an increase in heating prices

Germany faces a “difficult autumn and winter” due to energy prices. This was announced on June 10 by the head of the German Ministry of Economy, Robert Habeck, who presented an initiative in Berlin aimed at energy saving.

According to the minister, the authorities have prepared two compensation packages.


He pointed out high energy prices and said that Germans will receive higher heating bills in autumn.

“For this reason alone, there is an urgent need to save energy, and I know that many are already looking for where they can save something, especially when you have to keep track of every cent,” Habek said.

 


Khabek has previously warned of a difficult situation with the country’s energy supply in the coming winter in the event of a cessation of Russian energy supplies. At the same time, he emphasized that the country would be able to survive the winter period without Russian energy carriers if it fills up gas storage facilities and saves fuel.

Also, the head of the large German energy concern E.ON, Leonard Birnbaum, noted that Germany is unlikely to survive without Russian gas for the next two winters.

Also on the same day, Fritzi Köhler-Gabe, chief economist at KfW Bank, warned of an increased risk of a recession that the German economy could face. She expressed the opinion that the embargo on Russian fuel would lead to a further rise in prices and a fall in wages.