While consumption in the summer was still around the same level as the previous year, four percent less electricity was consumed in September than a year earlier, the industry association BDEW reported on Friday in Berlin. “In October the difference was even nine percent. The last time there was such a decrease in electricity consumption was in the first year of the corona pandemic in 2020,” emphasized the Federal Association of Energy and Water Industries (BDEW).

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In addition to the unusually warm weather and savings made by consumers as a result of the crisis, the association also cites a drop in production in industry as reasons for the decline in October.

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Overall, electricity consumption has so far been 1.9 percent below that of the same period last year, it said. For the year as a whole, the BDEW expects a decline of a good two percent compared to 2021.

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The federal government is nationalizing the ailing gas company Securing Energy for Europe (Sefe). The Ministry of Economics justified corresponding capital measures with an imminent insolvency of the former Gazprom subsidiary. Insolvency would endanger the security of supply in Germany, they say.