Germany (Reuters) On Wednesday, gas deliveries through Nord Stream 1 pipeline from Russia to Germany will be halted for three days due to scheduled maintenance. It evokes again the concerns of its energy security among German people. Germany has been recently busy with its worst energy crisis in decades, which has worsened even further. Electricity and gas prices have soared. According to economists, the significant climb of electricity and gas prices has become a risk factor for the German economy. Another consequence of current soaring energy prices is the terrible inflation. For the past several months, prices have been rising in Germany, with inflation hovering at a high level of almost 8 percent. In addition, according to the German government’s new regulations, German consumers will start paying a gas levy from October this year, which will bring extra expenses of almost 500 euros to a family of four people. A latest survey in Germany shows that more than half of the surveyed Germans have already reduced their energy consumption in the face of a possible energy crisis in the coming winter.” Xinhua News Agency correspondents reporting from Berlin
Germany faced with energy woes
