FRANKFURT — Germany is preparing the second phase in its three-stage gas emergency plan and could officially launch it within the next 5-10 days, newspaper Die Welt said on Tuesday, citing people familiar with the matter.
The second so-called alarm stage, which would be announced by Germany’s economy ministry, enables utilities to pass on gas costs, which have risen significantly in the wake of Moscow’s invasion of Ukraine, to customers.
The economy ministry did not immediately reply to an emailed request for comment. (Reporting by Christoph Steitz, editing by Kirsti Knolle)
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