Comment on Germany steps towards gas rationing
ECIU's Gareth Redmond-King on gas rationing in Europe
By George Smeeton
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Commenting on the news that Germany has taken a step closer to gas rationing after a drop in supplies from Russia [1], Gareth Redmond-King, International Lead at the Energy and Climate Intelligence Unit (ECIU) said:
“If Russia does turn off the taps, the international nature of the gas market means prices will surge, including UK imports from other countries and North Sea production.
“This could have knock-on impacts on UK consumer bills under the next price cap, as well as more immediate price spikes for businesses. The incentives to shift to renewables for electricity and electric heat pumps for home heating will only get stronger.”
Notes to editors:
- Germany takes step closer to gas rationing: https://www.bbc.co.uk/news/business-61908998
For more information:
George Smeeton, Head of Communications, ECIU, Tel: 07894 571 153, email: george.smeeton@eciu.net