German paper industry welcomes recommendations of Gas Commission to cap prices in 2023, but says 'situation in the industry is still serious'; trade group calls on government to implement price cap quickly, also address 'serious electricity cost problem'

Sample article from our Government & Public Policy

October 10, 2022 (press release) –

In principle, the German paper industry welcomes the recommendations of the Gas Commission. "With the gas price brake, the Gas Commission has created a perspective for companies until the beginning of 2024. However, the situation in the industry is still serious, which is why it is now important for the federal government to implement it quickly and without bureaucracy,” said Winfried Schaur, President of DIE PAPIERINDUSTRIE.

Rightly so, the incentives to save on natural gas will continue to exist and the pricing mechanisms will continue to work. Despite the relief measures now being proposed, it should not be forgotten that natural gas and electricity prices have increased more than tenfold at times in recent months. The first insolvencies and partial closures are already the result of the cost explosion. Some companies can continue to run into liquidity problems, which in extreme cases could threaten their existence.

“In addition, the electricity price brake must not be forgotten now. In addition to the gas costs, we also have a serious electricity cost problem that also needs to be solved quickly," said Schaur.   

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