German Gas Rationing Partially Needed: Deutsche Bank
“From windfall measures to gas price caps, from electricity demand reduction to emergency liquidity to utilities, all options remain at the table,” he said. “As all these measures are extraordinarily complex to be engineered, it will take a great political commitment by member states to quickly adopt them in the coming weeks. Europe is off for a grand bargain on energy.
“There are 27 states with completely different energy mixes, with completely different geographical positions, meaning heavier or less heavy summers and winters, with completely different interconnections,” he said in Brussels. “You need to accept that with such a heterogeneous mix of situations, unfortunately it is very difficult to find the silver bullet, the solution that pleases everyone, quickly.
“In this current, very volatile environment, it’s important that fiscal measures be put in place to provide liquidity to solvent energy-market participants, in particular utility firms,” Lagarde told a news conference Friday in Prague.Amprion GmbH, Germany’s largest power grid operator, said its cost for redispatching — the day-to-day management of electricity flows and shortages — have jumped sixfold.
The Czech Republic, which holds the EU’s rotating presidency, said before the meeting that it wants to exclude the debate about an energy price cap from the agenda of the meeting altogether.The European Central Bank is intensifying discussions with bank executives over their readiness for a potential surge in company defaults and a drying-up of energy-market liquidity.
“Solutions that we have on the table for now are sufficient,” Moskwa said, referring to existing cooperation between Polish and German gas system operators. It’s obvious that if we have surpluses on our gas or power market we share them but based on our own national security and our national interest and not based on some forced mechanisms.
Habeck, a member of the Greens party, announced this week that two of the plants would be kept in reserve until mid-April and the third would be shut down at the end of this year as planned, prompting widespread criticism. Less than a third of voters back the minister’s plan, the Sept. 6-8 poll of 1,299 voters for public broadcaster ZDF showed.Czech Minister Says No Time to Waste
EU could lift sanctions + turn on NS2 anyday but EU Leaders prefer economic suicide to benefit MIC, + Washington which wants to destroy German/EU economic power. No doubt their pockets are being padded to destroy their economies and 'their' people's lives
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