Skip to content
Friday 28 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,792.54
-0.79%
DAX
26,367.24
0.00%
CAC 40
8,319.87
0.00%
STOXX 50
6,424.73
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Friday 08 July 2022 9:01 am

Germany begins energy rationing as gas prices spike

By: Charlie Conchie

City Editor

Add as a preferred source on Google
Should it opt for the UK, Mytilineos would take a spot in the FTSE 100.
Greek energy giant Mytilineos has said it is eyeing a potential secondary listing in London before the end of next year.

Local authorities in Germany have begun rationing energy, dimming street lights and closing swimming pools to cope with soaring gas prices in the wake of Russia’s move to slash energy supplies.

The country has been plunged into an energy crisis after the Kremlin last month moved to sharply reduced gas supplies to Germany, leaving utilities firms fighting for survival, the Financial Times reported.

“The situation is more than dramatic,” Axel Gedaschko, head of the federation of German housing enterprises, told the FT.  “Germany’s social peace is in great danger.” 

Economy minister Robert Habeck last month activated the second stage of the country’s gas emergency plan, but he warned on Tuesday that the situation could continue to deteriorate.

“We have to be prepared for the situation to become critical,” he said.

Germany’s largest residential landlord Vonovia has now told residents it will lower the temperature of its tenants’ gas central heating to 17 degrees between 11pm and 6am.

Local authorities in Lahn-Dill near Frankfurt have said they will begin cutting off hot water in its 86 schools and 60 gyms from mid-September, while Düsseldorf has temporarily closed down a major public swimming pool complex.

Read more

Octopus boss Greg Jackson calls for ‘urgent reform’ on energy as bills rise

Octopus Energy, which was founded by Greg Jackson, is to spin-off Kraken. Chris Ratcliffe/Bloomberg via Getty Images

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Energy

Trending Articles

  • Pensioners to hand over bank statements in government benefits crackdown

  • Jamie Carragher: HMRC petitions for Sky Sports star to be declared bankrupt

  • Brewdog founder James Watt hits out at ‘total silence’ over new venture

  • Lloyds Bank and Halifax users unable to use app in latest outage

  • Economists urge Bank of England to halt bond sales as borrowing costs climb

More from Morning Wire

  • Octopus boss Greg Jackson calls for ‘urgent reform’ on energy as bills rise

    Politics
    Octopus Energy, which was founded by Greg Jackson, is to spin-off Kraken. Chris Ratcliffe/Bloomberg via Getty Images
  • Britain should back the North Sea if it wants energy security and net zero

    Opinion
    Oil prices have risen as Israel and Iran tensions escalated.
  • Energy price cap rises to three-year high

    Energy
    Smartphone displaying an energy bill, with British pounds and coins beside it, symbolizing rising costs.
  • Perma-Pipe Secures More Than $67 Million in New Orders in the Second Quarter of 2026

    Business Wire
  • KKR to Acquire a 50% Stake in a Portfolio of Developed Renewable Assets from TotalEnergies Across Europe

    Business Wire
  • Kolibri Global Energy Inc. Announces Another Record for Its Highest Quarterly Revenue of $22.5 Million With a 46% Production Increase and a 197% Net Income Increase for the Second Quarter of 2026

    Business Wire
  • North Sea is not competitive, says BP boss days after exit

    Markets
    British Petroleum BP forecourt with fuel pumps and company signage visible in a business setting, highlighting energy serv...
  • Soaring energy bills set to fuel inflation spike

    Economics
    Smartphone displaying an energy bill notification with British coins and a banknote nearby.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook