Gas price brake coming from January?
Lindner: Doing everything to relieve companies quickly
10/24/2022 8:32 am
Finance Minister Lindner counters allegations that the traffic light coalition is taking too long to protect companies from high gas prices. He refers to the defense shield, which includes 200 billion euros and energy capacity for nuclear power and coal. The CDU calls for an earlier start of the gas price brake.
Federal Finance Minister Christian Lindner has defended the traffic light government against accusations that it is not acting quickly enough to relieve German companies in the energy crisis. The federal government is working “under high pressure to curb electricity and gas prices as quickly as possible,” said Lindner on the ARD program “Report from Berlin”.
“The government is not taking its time. We are in an energy war. Gas is being turned into a weapon,” emphasized the finance minister. In this situation, the government is doing everything in its power “to protect the substance of our German economy and what has been built up over decades.”
Lindner referred, among other things, to the 200 billion euro defense shield, for which the Bundestag had cleared the way on Friday. In addition to the gas price brake, parts of the electricity price brake that is also planned are to be paid for, as well as aid for companies and the stabilization of gas importers who have gotten into trouble as a result of the energy crisis.
Lindner doubts the technical implementation
When asked whether the gas price brake would already be in use in January, Lindner said it was currently unclear whether this was technically possible at that point in time. “What I can say is that the funds are available now,” he said. The FDP politician emphasized that the federal government is not only banking on money but also on “capacity expansion, such as with nuclear energy and coal”.
On behalf of the federal government, the so-called Gas Price Commission had submitted a proposal for the implementation of the gas price brake, which should relieve households and companies in the face of extreme price increases. According to this, a one-off relief should initially take place in December by adopting a monthly deduction, while a permanent gas price brake will take effect from March 2023.
However, there were increasing calls for relief as early as January and February, including within the SPD. SPD leader Lars Klingbeil said at the weekend that the Social Democrats were examining ways to “give even more support” to companies and citizens in January and February.
CDU wants to start the gas price brake from January
Leading Union politicians warned against activating the gas price brake only from March – such a “winter gap” would cost consumers and companies dearly, they said. The North Rhine-Westphalian Prime Minister Hendrik Wüst told the “Bild” newspaper: “There must be stable protection for people beyond the turn of the year. It would therefore be negligent if the traffic light continued to hold on to the winter gap in protection.” The brakes must “act immediately from January 1st,” demanded Wüst. If energy suppliers are not yet technically able to change the billing in January, the relief must at least be retroactive to January 1st. Private households and companies need “uninterrupted support”.
The federal chairman of the SME and Economic Union, Gitta Connemann, said to “Bild” that a “winter gap” endangered jobs and training positions, and that SMEs were threatened by “energy collapse”. The CDU politician called for a “winter bridge”: “The brakes must come by January 1 at the latest, not just for gas. And not just for energy-intensive companies,” she said.