• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 23 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 7 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 7 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 10 days Bankruptcy in the Industry
U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

German Insurers Warn Against “Dangerous Experiments” To Lower Energy Bills

Germany’s insurance industry warned consumers on Monday against “dangerous experiments” to heat amid soaring energy prices.

The insurers are concerned that the risk of fire is rising with the use of candles, too many electric heaters, or makeshift fireplaces.

Considering the fact that energy prices are very high, it is understandable that people are looking at various ways to save on their bills, the German insurance industry trade body, GDV, said today.   

“However, many alternative heating methods are not unsuitable at all for heating living spaces over a longer period of time. They are also dangerous,” Jörg Asmussen, chief executive of GDV, said in a statement.

Candles are not suitable for space heating, and the greatest risk of fire comes from open fire, the insurance association said.

Moreover, too many electric heaters could also increase the risk of fire, especially in older buildings. Before using powerful electric heaters, consumers should consult electricians about whether it is safe to use them, GDV’s Asmussen says.

The German government is considering a one-off payment for gas bills to German consumers as part of a package to alleviate the energy crisis for households and smaller business consumers.  

Earlier this month, a panel of experts proposed measures to alleviate the impact of soaring energy prices on consumers, including a one-off payment and subsidizing more than half of the expected gas consumption.

The experts recommended giving households and businesses a one-off payment worth a month of their respective gas bills and subsidizing between 60% and 80% of the expected gas consumption, while consumers will pay the rest at market prices. The one-off payment will be made in December, while the plan for the gas price cap was to be implemented in March or April 2023. The commission will propose measures to blunt the impact of soaring energy prices on large industrial consumers at a later stage. 

Meanwhile, Germany’s energy regulator insists that “significant” gas and energy savings are necessary to avoid a winter of rationing and gas emergency. 

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News