German Industry wants more compensation in exchange for abandoning gas

The auctions planned by the German government to save gas do not go far enough for the Federation of German Industries (BDI). In addition to a short-term auction model for companies to save gas, there also needs to be a second instrument for the medium-term release of gas quotas by companies. “Otherwise, the auction mechanism runs the risk of bypassing the needs of industry,” BDI President Siegfried Russwurm commented on Thursday. When other energy sources are procured or individual production facilities are shut down, there could be additional costs that the government would have to compensate for, at least on a pro-rata basis.