Skip to content

Germany Unveils Incentive Plan for Industry to Reduce Gas Use

  • Auction system will pay companies for their surplus gas
  • Germany faces gas crisis after Russia reduced pipeline flows
Video player cover image
Germany Triggers Phase-Two of Emergency Gas Plan

Germany plans to encourage industry and energy providers to save natural gas by offering incentives for them to make surplus gas available to the market as the country braces for a further deterioration in energy supplies this winter.

Under the system to begin this summer, major consumers and suppliers can offer their unused gas in an auction, with winning bidders getting paid for the fuel they provide, the Economy Ministry said in a statement on Thursday. The measure, announced Sunday, was detailed Thursday as the government elevated the risk level in its national gas emergency plan to the second-highest “alarm” phase.