Germany “will get through this winter”, saidas he announced a €65bn package to help households and companies manage soaring energy prices, including a windfall tax on electricity producers.
Some energy companies which may not be using gas to generate electricity were “simply using the fact that the high price of gas determines the price of electricity and are therefore making a lot of money,” he said. “We have therefore resolved to change the market organisation in such a way that these random profits no longer occur or that they are skimmed off.”
Scholz blamed Vladimir Putin for Germany’s high energy prices, saying Russia “has broken its contract” and was “no longer a reliable energy supplier”. At the start of the war in Ukraine, Germany got 55% of its gas from Russia, but this has fallen to 9.5%, amid a push to phase out Russian fossil fuels and drastic reductions in supply.
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