Germany is entering a dark winter with too much natural gas consumption and may not be able to avoid an energy ’emergency’ in the coming months, the head of the country’s grid regulator warned on Thursday, according to WaPo.
“Gas consumption increased too much last week,” said Klaus Mueller, director of the German network agency.
With the bombing of the Nord Stream gas pipeline system in the Baltic Sea and the overall reduction in natural gas flows from Russia amid the war in Ukraine, German households and businesses must increase energy conservation more than ever as average temperatures in the most Europe’s major economy are expected to drop to nearly 5 degrees Celsius in the second half of the month.
The heating degree data indicates that the heating season has started.
Failure to reduce natural gas consumption will only increase the risk of faster depletion of stored inventories and could trigger a continued spike in natural gas prices. Natural gas consumption last week for households and small businesses was 10% higher than average consumption levels between 2018 and 2021.
“It will be difficult to avoid a gas emergency in winter without at least 20% savings in the private, commercial and industrial sectors.
“The situation can become very serious if we don’t drastically reduce our gas consumption,” Mueller said.
There is good news. natural gas continues to be injected into storage. The total storage level in Germany is around 92.75% as of October 6, well above government targets for this time of year.
And, of course, there are no overall bullish stories here, so we’ll leave you with the bad news. Florence Rabier, Director General of the European Center for Medium-Range Weather Forecasts, said FT that forecasts for November and December in Europe would bring “colder periods and less wind and precipitation, reducing renewable energy production”.
Germans better shoot these coal and fossil fuel power plants while increasing nuclear production to avoid widespread power outages during peak hours. As for households, the cheapest way to offset energy hyperinflation is to burn wood.
Earlier this week, Britain’s electricity regulator gave citizens a dose of reality that a “considerable risk“a shortage of natural gas could materialize this winter and cause power outages.
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