Skip to content

Germans Face ‘Enormous Wave’ of Energy Price Hikes, Uniper Says

  • Uniper CEO says it’s up to everyone ‘to do something about it’
  • Energy costs have surged as Moscow cuts gas supplies to Europe
Lights in the windows of a residential housing block located in Berlin.

Lights in the windows of a residential housing block located in Berlin.

Photographer: Krisztian Bocsi/Bloomberg

German households and industries should brace for an “enormous wave” of higher energy prices that will begin to hit bills next year, utility Uniper SE warned.

Most customers lock in prices for a year and aren’t yet feeling the impact of surging wholesale costs, according to Uniper Chief Executive Officer Klaus-Dieter Maubach. The gas giant on Friday sought a government bailout amid the energy crunch.