‘Horror chart’ claims that Germany is on the verge of a severe energy disaster

2 mins read

The editor of Die Welt claims that consumer pricing for power are disconnected from reality.

One of the most important newspapers in Germany, Die Welt, issued a senior editor’s warning on Wednesday that the country is approaching a “major energy catastrophe.”

In addition to energy costs being close to record highs, gas prices are also approaching record highs, according to senior editor Holger Zschaepitz of the daily’s economic and financial section.

One of the most important newspapers in Germany, Die Welt, issued a senior editor’s warning on Wednesday that the country is approaching a “major energy catastrophe.”

In addition to energy costs being close to record highs, gas prices are also approaching record highs, according to senior editor Holger Zschaepitz of the daily’s economic and financial section.

One of the biggest energy supply firms in Germany has already undergone a partial nationalization as a result of the pricing squeeze. Following Uniper’s request for a bailout, the German government declared last week that it would buy a 30% interest in the business. Uniper cited “severe financial strain” brought on by the decreased Russian natural gas supply as the reason for its request.

Read:  Biden: Israel hopes to reach ceasefire in Hamas talks by Monday

Due to the reduction in gas flows, Uniper has recently been compelled to purchase gas on the spot market at a substantially higher price to make up for shortages rather than solely relying on its long-term contracts at a set price.

A new Bloomberg story claims that European energy companies are amassing debt to pay for the skyrocketing expenses, with their liabilities apparently totaling over $1.7 trillion.

the source used to create the news: rt.com

FİKRİKADİM

The ancient idea tries to provide the most accurate information to its readers in all the content it publishes.

Leave a Reply

Your email address will not be published.

Comment moderation is enabled. Your comment may take some time to appear.