BERLIN — Germany will enter Phase 2 of its three-stage emergency gas plan on Thursday, a source close to the matter told Reuters.
The alarm stage, planned for when the government sees a high risk of long-term supply shortages of gas, enables utilities to pass on high prices to customers and thereby help to lower demand.
The Economy Ministry declined to make a statement before a planned news conference at 0800 GMT. (Reporting by Holger Hansen and Christian Kraemer Writing by Miranda Murray Editing by David Goodman)
Financial Post Top Stories
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300