We have extended and expanded the protective shield for companies especially affected.”
Olaf Scholz, Chancellor of Germany.
Germany intends to extend loans to energy companies that risk being crushed by spiraling gas prices. For its part, the European Union (EU) is preparing proposals to help households and industry cope with an energy crisis caused by the war in Ukraine.
The European Commission is due to announce its proposals today, which include targets for reducing electricity consumption and a revenue cap for plants that do not use gas.
Separately, the EU’s securities watchdog is considering Europe-wide measures to help energy companies struggling to find cash to deal with rising demands for collateral after being caught up in rising interest rates. prices, when Russia cut gas shipments to Europe.
“Of course we knew and know that our solidarity with Ukraine would have consequences,” said German Chancellor Olaf Scholz, urging Germans to prepare for a harsh winter and to face the challenge of a shift in energy supply away of Russian gas.
The German Ministry of Finance wants to increase state loans for energy companies using the credit authorizations created to offer help in the Covid-19 pandemic. A German newspaper put the value at 67 billion euros.
At the EU level, a spokesman for the European Securities and Markets Authority said the regulator is actively studying whether any measures are needed to help energy companies.
Monuments of Paris will turn off the light
The city hall of Paris, the tower of Santiago, the municipal museums and the district halls will stop lighting at night as of September 23 as a result of the energy crisis, announced the mayor of the French capital, Anne Hidalgo.
The mayor, who refused to interrupt street lighting for security reasons, will ask the State to do the same with national monuments and the owners of private monuments to take similar measures.
He indicated that the lights of these places will be turned off at 10 p.m. and, in the case of the emblematic Eiffel Tower, it will be done when visiting hours end, that is, at 11:45 p.m.
In addition, he explained that the heating temperature in municipal buildings will be reduced when the buildings are empty.
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