The megawatt hour exceeded 300 euros before closing at 290 euros – In TIF the announcements of the prime minister on dealing with the energy crisis in the coming winter
With… broken brakes, the frantic rally in its prices continues natural gasas on Wednesday the megawatt hour exceeded 300 euros (301.8 euros), before closing at 290 euros at the end of the session.
These are record prices, which will continue to rise in view of the winter and the maintenance of sanctions against Russia, which entail a reduced flow of natural gas from Russian pipelines to Europe.
The biggest problem seems to be facing the Germany, the economic engine of the Old Continent, which largely determines the general European policy, especially in the energy issue. Under increased pressure from more and more social actors, the opposition and financial institutes and market players, the German government is already considering new measures that could be included in the third relief package to deal with some of the consequences of the energy crisis, it says the DW.
The mitigation measures planned by Berlin
German Chancellor Olaf Scholz has already announced it. It is, as everything shows, the necessary continuation of the two major relief packages of 30 billion euros, which are already in place, but many of which are of a temporary nature and are expected to expire soon. For example, the monthly card of 9 euros for urban transport or the discount on petrol and diesel tax expire at the end of August, while many of the benefits already provided for are in the form of one-off payments for employees, freelancers, unemployed, students and beneficiaries of social assistance .
Compensatory measures have already been added to these, the most important being the reduction of the VAT for natural gas, as a tax counterweight to the additional gas tax that consumers in Germany are required to pay from October 1
The 3rd support package is under consultation
What exactly is on the table of the coalition government for the third package? These are mainly measures of a subsidized nature and tax reductions taking into account the increase in inflation, which is already at 7.5%. The German government is expected to put its hand in its pocket and give “hot money” mainly to those social groups that are most in need.
One of the additional moves being hotly debated is the fundamental reform of the legislative framework for the provision of housing benefits in Germany. The General Secretary of the Social Democrats party, Kevin Künert, speaking to the n-tv network, said that the new package is a matter of days, stressing that after the two current packages in focus, additional energy and housing allowances should now be found along with new tax breaks.
The reform of the income conditions for the payment of housing benefits in Germany is also considered necessary by the German Tenants’ Association, with its head Stefan Ziebecknoten considering it necessary mainly for low and middle incomes under the burden of extraordinary conditions.
Announcements to the TIF on the relief measures in Greece
As for Greece, government spokesman Yiannis Oikonomou admitted on Tuesday that a difficult winter is expected “due to the spike in energy prices”, adding that the government is not dealing with the situation fatalistically, but is supporting households and businesses.
“The consequences of the spike in energy prices are coming in the form of an avalanche, we will not hide or embellish the situation,” said Mr. Economou, stressing that the government will continue to limit the consequences as much as possible. “We will be tested in the next period. Normalization takes time. Severe difficulties are coming,” he said characteristically.
Announcements about the government’s policy are expected from Prime Minister Kyriakos Mitsotakis in the usual interview at the Thessaloniki International Fair on September 10.
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