Switzerland’s Proposed Gas Rationing Rules Will Fine, Jail Violators

Panic is beginning to set in over Europe’s worsening energy crisis, forcing countries to ration supplies and even threaten fines or jail time for individuals and businesses caught violating the emergency restrictions.

Switzerland’s Federal Department of Economic Affairs recently proposed new rules under the Federal Law on National Economic Supply that limit indoor temperatures to a maximum of 19 degrees Celsius, and water temperatures to 60 degrees Celsius for buildings with gas heating systems. Use of radiant heaters would be prohibited during the rationing period, while swimming pools and saunas cannot be heated.

Those caught violating the measures could face daily penalties anywhere between 30 to 3,000 Swiss Francs or even jail time, and utility companies could also face fines should they knowingly surpass their gas quotas. Those states (or cantons as they are referred to in Switzerland) opposing the new instructions have until September 22 to voice their concerns or alternate proposals. The government will likely face an uphill battle when it comes to implementation, though, and courts will be busy disputing challenges arising from the rules.

Earlier, the country unveiled a voluntary gas savings target of 15% for the winter season as Russia’s reprisal against Western-imposed sanctions could lead to widespread gas shortages and chaos across the European Union. However, should the voluntary suggestions fail to materialize, the country would put the mandatory rationing moves in place. In the meantime, other countries facing the energy crisis are also taking action, with Britain’s new prime minster Liz Truss vowing to subsidize consumers’ energy bills, while France’s Emmanuel Macron promising to freeze gas prices and cap electricity price increases to a maximum of 4%.

Information for this briefing was found via Blick and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Silver Needs to Slow Down to Go Higher | Dan Dickson – Endeavour Silver

Silver Dips Are Getting Bought, This Is How Breakouts Start | John Feneck

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Recommended

NexGen Launches 42,000 Metre Drill Program At PCE While Expanding Mineralized Footprint

First Majestic Hits 2025 Guidance, Producing 31.1 Million Silver Equivalent Ounces, Increases Dividend

Related News

Russia Set to Block VPN Services Starting March 2024

Russia’s communications watchdog, Roskomnadzor, is set to implement a ban on Virtual Private Networks (VPNs)...

Wednesday, October 4, 2023, 02:12:00 PM

Joy Behar’s Faux Pas Comment On Russia-Ukraine Conflict Sparks Twitter Outrage

Her heart might have been in the right place but her expression seems to be...

Friday, February 25, 2022, 09:25:06 AM

Commodity Trader Trafigura Warns Europe’s Depleted Gas Reserves Could Create Rolling Blackouts This Winter

Swiss-based commodity trading giant Trafigura Group has warned that Europe’s severely depleted natural gas reserves...

Tuesday, November 16, 2021, 05:14:00 PM

Belarus Threatens to Halt EU’s Gas Supply Over Border Crisis

Despite Russian-owned Gazprom boosting supply to storage facilities in Europe, the bloc still can’t seem...

Sunday, November 14, 2021, 01:08:00 PM

Natural Gas Prices Sent Skyrocketing Amid Concerns Over Tight Supplies

The price of natural gas has soared to a 13-year high, as fears over scarcity...

Tuesday, September 28, 2021, 10:04:00 AM