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German Gas Commission Experts: First relief measure should be in place by end-2022

After 35 hours of consultations, the German Gas Committee on Monday presented its statement to the German government regarding its recommendations for the terms of the gas price support program in Germany. The committee’s statement addressed the following points:

The cost of the proposed gas price support package is estimated at 96 billion euros.

The first steps of the support measures should be implemented by the end of this year.

A subsidy of about 70 to 80% of gas consumption has been proposed.

By the end of the year, the first relief measure should be in place.

Supply situation remains tense despite full storage.

Ideally, relief will reduce inflation.

We do not want Europe to think that Germany is going alone, we should show solidarity.

Two-stage model proposed: firstly, with payment for month of December, secondly gas and heating price brake from march until end of April.

Price should be reduced to 12 cents for 80% of usage.

Those who save will profit from this model.

Threat to industry is threat to security and social system too.

We are heading towards recession.

For industry, procurement price of 7 cent proposed.

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