Connect with us

Hi, what are you looking for?


Germany begins energy rationing as gas prices spike

Local authorities in Germany have begun rationing energy, dimming street lights and closing swimming pools to cope with soaring gas prices in the wake of Russia’s move to slash energy supplies.

The country has been plunged into an energy crisis after the Kremlin last month moved to sharply reduced gas supplies to Germany, leaving utilities firms fighting for survival, the Financial Times reported.

“The situation is more than dramatic,” Axel Gedaschko, head of the federation of German housing enterprises, told the FT.  “Germany’s social peace is in great danger.”

Economy minister Robert Habeck last month activated the second stage of the country’s gas emergency plan, but he warned on Tuesday that the situation could continue to deteriorate.

“We have to be prepared for the situation to become critical,” he said.

Germany’s largest residential landlord Vonovia has now told residents it will lower the temperature of its tenants’ gas central heating to 17 degrees between 11pm and 6am.

Local authorities in Lahn-Dill near Frankfurt have said they will begin cutting off hot water in its 86 schools and 60 gyms from mid-September, while Düsseldorf has temporarily closed down a major public swimming pool complex.

Read more:
Germany begins energy rationing as gas prices spike

You May Also Like


The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...


After taking a breather in the week before this one, the Indian equity markets resumed their up move. The headline index continued with its...


It was supposed to be a debacle. As the Second World War drew to a close, the nation’s leading economists feared that, once the...


Small businesses are bringing forward their finance applications in order to beat expected further interest rate rises, according to new research. Four-in-ten (44%) SME...

Dislaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 | All Rights Reserved