The President of the German Federal Network Agency, Klaus Müller, believes it is possible for consumer prices for gas to triple. “When you extrapolate it, it depends a lot on how you heat, how your building is constructed. But the previous gas bill can triple,” said Müller on Thursday to the broadcasters “RTL” and “ntv”.
Since the throttling of Russian gas supplies last week, the price level has risen again by 50 percent. “Many gas importers say they would like to pass this on,” said Müller. However, the price adjustment clause would have to be activated for this. Whether that happens depends very much on how the gas flows develop. “We know that a maintenance window is looming on July 11th. Nord Stream 1 will be shut down completely and we don’t know what will happen after that.”
