Sedan The president of Federal Network Agency, Klaus Müller, is currently not afraid of gasoline shortages. “They see me with optimism for this winter,” said Müller in a recording of the Handelsblatt podcasts Green and energy at the Handelsblatt Energy Summit in Berlin. “We will no longer break 40 percent.”

The federal government had a goal for gas storage to be 40 percent full by early February. In mid-January, the fill level is well above 90 percent. Germany’s main energy watchdog explains the historically high value mainly with above-average warm weather.

Temperatures in the first week of January were 5.1 degrees higher than in previous years; gas consumption was correspondingly 38 percent lower than average. “I have to say it clearly: Petrus helped us a lot,” said the 51-year-old.

In 2022, industry and consumers saved 14 percent of their total gas consumption. Müller attributed the majority to companies that switched to other energy sources (“fuel switching”) or reduced production.

The best jobs of the day

Find the best jobs now and
be notified by email.

Müller went on to explain: “With private households, one has to say that the weather effect was dominant.” Some consumers saved for financial reasons or environmental concerns. But there were also people who didn’t think much of it.

Unnecessary alarmism? “Not”!

At the Handelsblatt Energy Summit, Müller struck a calmer tone for the first time since taking office in March 2022. In April, the head of the Bonn authority had warned of “dire consequences for business” regarding the Russian war of aggression in Ukraine. In June he announced that it would be in Germany “Shock waves sweep across the country.”

live podcast

Bundesnetzagentur Chairman Klaus Müller (left) in conversation with Handelsblatt editor Michael Scheppe.

Müller’s brief answer to the question of whether he had spread unnecessary scaremongering is “no.” reduced in summer Russia gas deliveries via the Nord Stream 1 pipeline were gradually increasing. At the time, social and economic concerns about gas shortages were great, said the former Green politician and director of the consumer center.

At the time, neither the mild weather nor the “record speeds with which we launched LNG terminals” were foreseeable, argues Müller. Germany Up to now, it has opened two liquefied gas terminals to make up for the lack of gas supply Russia to compensate.

Just because the problem didn’t happen, some would feel they might have done too much, says Müller: “But it doesn’t. That’s how we avoided the crisis in the first place.” A gasoline shortage would have led to economic “absolute disruption.” and social.

Decisions under great time pressure

Müller also defended himself against accusations that the high tiers had been bought too expensive. In summer, the federal government commissioned Trading Hub Europe GmbH (THE) to purchase gas for storage because the fill levels were too low at the time. The company is responsible for the entire German market area and paid around eight billion euros for the filling of German gas storage facilities at the end of September.

>> Read more: Maubach, head of Uniper: “All the headhunters wanted to poach my top executives”

Industry experts consider this amount to be excessive. Consequently, costs of ten to 20 percent could have been saved if THE had not only operated in the short-term spot market, but also in the futures market. The spot market is about the immediate delivery of gas, while the futures market can agree on the delivery time at a specific gas price.

“It’s easy to forget that we made the decision under great time pressure and in a situation where the market suffered from extreme uncertainty and where I was visited by who’s who in the German gas industry,” Müller replies. It was correct to make that decision.

Worry about the coming winter

Nobody was prepared last summer to optimally manage the crisis. However, Müller admitted that “a better decision could probably have been made”. There are plenty of opportunities in the stock exchanges to process transactions more efficiently than THE was allowed at the time. Müller announced an expert opinion to review the purchasing policy.

If we all try hard, we also have a chance to survive the coming winter without a shortage of gasoline. Chairman of the Federal Network Agency Klaus Müller

Müller looks at the 2023/24 heating season with even greater concern: “The possibly harshest winter is ahead. Each additional percentage point of the fill level now helps to be better prepared for the upcoming cold season.” If the market doesn’t refill gas storage facilities, THE would get back to doing the job.

“If we all try hard, we also have a chance to survive the coming winter without a gas shortage,” said Müller, especially with regard to private households. He fears that consumers will make fewer efforts to save in the second winter of the crisis. He likened this to the pandemic: In the second year of Covid, fewer citizens adhered to the restrictions.

Müller wants to encourage consumers to save by informing them more regularly about their gas consumption and costs: “Most people look at it once a year, that’s not enough.” conduct. Müller emphasized at the same time as the Federal Network Agency “It’s not a saloon police force and it doesn’t want to be.”

You can listen to the full podcast on Wednesday from 6am on all common podcast platforms and at Handelsblatt.com

More: ‘We can’t give the go-ahead’: Eon boss grooms consumers for higher prices

NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA

By yjawq

Leave a Reply

Your email address will not be published. Required fields are marked *