Electricity and gas are more expensive than ever: companies that have not taken out insurance can expect costs to rise dramatically.
(Photo: dpa)
Dusseldorf Christian Schabert is desperate: “We are losing our entire cash flow and will be in the red from January 1, 2022,” says the managing director of Rudolf Geitz GmbH from Dinkelsbühl. At the end of the year, the electricity contract of the company, which is active in plastic injection molding, expires.
Because of the drastic rise in wholesale prices, medium-sized companies have to suddenly cope with a tripling of the electricity costs – with an annual consumption of at least one million kilowatt hours. “Germany, as the number one industrialized country in Europe, will tear such electricity prices into the abyss”, Schabert is certain.
Much like Rudolf Geitz GmbH, many companies in Germany are doing, both large and small. Thousands of them have not secured themselves long-term. Others have contracts terminated in the same way as private customers because their supplier can no longer deliver. Recently, for example, Kehag from Oldenburg, which specializes in major customers, sent notice of termination at the turn of the year.
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