Last night, late.....I watched RTL's 'Extra' show, which featured a good 15 minutes of talk on natural gas pricing, and shock.
So here were these Germans getting their notice for their quarterly pre-payments, to start in October.
Most were getting a somewhat normal situation (190 to 225 Euro) for the October payment. Then came 1 January's payment.....where it went from roughly 200 Euro up to 830 Euro (roughly). So instead of a full year being in the 900 Euro range, this was going to be in the 2,600 Euro range.
For one couple, this meant moving their summer 2023 vacation money....over to natural gas heating instead. Total shock.
One retired couple, with a house of roughly 160 square meters, had sticker shock at 9,000 Euro.
All of them could probably meet the one-time situation. I would imagine some folks will be picking rooms out of the house to heat less. Some houses will probably be heated for only 12 hours out off the day....not 18 hours.
The question then arises....what happens in a year? Repeat? If you 'raid' this guy' summer vacation fund....does it harm the vacation industry in the summer of 2023?
If this is the normal and 83-million Germans get this type of notice....there's serious consequences coming for the political system in 2023. Election-wise, there's going to be harsh reminders put forward.
A new and bigger recession? I would go and suggest this.....but you need to invent a world for inflation of this type. (MEGA-inflation?)
I turned to my wife and asked if she'd gotten her letter yet.....'no' came the answer, but it should be happening by the end of next week. Sticker shock for us? Probably. We probably will go to four three-hour periods of heat, and use a electrical heater for the kitchen.
Footnote: I expect a massive halt on purchasing homes of 100 square meters or more, and this real estate development will have dire consequences for people with larger homes.
No comments:
Post a Comment