Energy Wire Clean
According to the ifo's study of economics professors at German-speaking institutions, there is less support for a cap on the price of gas and electricity as a safeguard against excessive energy prices than for alternative measures. Only 14% of respondents support a restriction on gas and electricity prices, while 83% support home relief measures. Conversely, 68 percent are in favour of energy subsidies.
Additionally, the results show that the overwhelming majority supports government actions to safeguard all already accessible energy sources, including coal and nuclear power, as well as develop new ones while also offering incentives for energy conservation. "The demand for electricity must be decreased and the supply increased. The price restriction on electricity won't reduce demand, according to ifo researcher Niklas Potrafke.
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According to a survey conducted between 27 September and 4 October among 178 professors of economics, 81% of economists believe that the government should increase the amount of energy that is readily available, such as by extending the operational life of Germany's three remaining nuclear power plants past 2022. Additionally, more than two thirds are in favour of building additional LNG terminals, expanding transmission systems, and doing away with rules that make it difficult to implement renewable energy projects. According to the survey, 94% of respondents believe the energy price situation will cause Germany to enter a recession.
Russian gas shipments into Germany were totally stopped in September after major delivery reductions, which reduced the amount of energy available and caused gas and power prices to soar. The German government has passed three relief packages with a total value of about 95 billion euros in order to safeguard homes and companies. In addition, a "defence shield" worth 200 billion euros was decided upon in late September.
