German gas consumers will not be left to shoulder higher energy costs alone, said Chancellor Olaf Scholz, who promised relief measures would be put in place to protect low-income families in tandem with a state bailout deal for utility Uniper.
The reforms are meant to help cushion higher energy bills after Uniper is allowed to pass additional costs on to consumers from September or October, said Scholz, who warned that eventually everyone will feel the effects of the increases. Uniper on Friday received 15 billion euros in guarantees and equity as the German government stepped in to save the gas importer that is the biggest casualty of Europe’s energy crisis so far.
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