Katherina Reiche

Money Moves

Ordered increased gas purchases for storage

German inflation was confirmed at 2.8% in October, down from 3.3% in September, the Federal Statistical Office said on November 11. The drop came mostly from a fuel tax cut that took effect October 1, though energy prices still rose 12.2% from a year earlier.

Updated 12 hours ago

Built World

Under scrutiny after her ministry explored blocking LEAG's retrofit awards; a legal review found the bids admissible

Germany's network regulator awarded 11 contracts for 5.16 gigawatts of gas-fired backup capacity on Nov. 3. LEAG and RWE took ten of them, including a LEAG subsidiary, and the average support price was €155,296 per megawatt over 15 years, below the €244,000 cap.

Updated 3 days ago

Built World

In office; ordered additional storage purchases in September

Germany's gas stores were 61.2% full on 30 October, short of the 80% the country aims to hold by 1 November. The economy ministry confirmed the miss as a cold snap set in, and the storage industry association said filling rules need to be tougher.

Updated Nov 3

Rule Changes

As of September 2026: Advocating a gas-bridge strategy alongside the phase-out

Germany's cabinet approved a roadmap on September 23 that commits the country to ending fossil fuel use entirely by 2045. Earlier targets only promised carbon neutrality; the new plan explicitly pledges to "transition away" from coal, oil, and gas, presented on the sidelines of the UN General Assembly in New York.

Updated Sep 23