Federal Economics Minister Katherina Reiche (CDU) has announced an antitrust investigation into the exorbitant price jumps at German gas stations as a result of the Iran war.
“We will check that a situation is not being exploited that is reflected in the markets, but not to this extent,” said Reiche in the “Table.Briefings” podcast. According to Reiche, she is in intensive contact with the Federal Cartel Office as a watchdog authority about this.
Reiche: “We’re getting through this winter well”
The CDU minister also spoke in favor of a strategic, national gas reserve beyond the current one Market development out of. “We’re thinking about how to do that Crisis preparedness can be organized beyond the markets.” But Reiche made it clear that there are currently no shortages: “We’re getting through this winter well.”
Hedging through pipeline gas from Norway, the Netherlands and Belgium leads to that sufficient gas is availablealso for the coming winter. She advised against quick political measures such as a gas price cap. “To now initiate measures that lead to already rising prices being fueled because market participants suspect that the Federal Republic of Germany will pay any price to address shortages that we don’t even have, would aggravate the situation.”




