Saturday, June 7, 2025

Latest

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

Franco-Nevada: The Cote Gold Mine Royalty Purchase

Silvercorp Q4 Earnings: Cash Flow Cranked Up

TRX Gold Buckreef PEA: Mining Metals, Not Investors

Recommended

Steadright Signs MOU For TitanBeach Titanium Project In Morocco

Power Metallic Hits 10.99% Copper Equivalent Over 12.54 Metres At Lion Zone

Related News

2022: The Year of the Russian Oligarch

High-profile Russian businessmen have been making a lot of headlines in 2022. With Russia’s unprovoked...

Thursday, December 29, 2022, 02:28:00 PM

European Natural Gas Prices Sent Soaring as Freezing Temperatures Arrive

Natural gas prices across Europe were sent soaring this week, as flows through a major...

Monday, December 20, 2021, 04:34:00 PM

A Near-Total Ban of Exports from G7 to Russia Could Push Putin Closer to Xi

The Group of Seven (G7) countries are reportedly mulling over an almost complete ban on...

Tuesday, April 25, 2023, 06:19:00 AM

European Governments Considering Billions in Aid as Energy Crisis Deepens

Out-of-control energy prices are forcing European governments to consider billions of euros in financial aid...

Thursday, September 23, 2021, 02:45:00 PM

Justin Trudeau Concludes Europe Visit, Imposes Even More Sanctions Against Russia

Canadian Prime Minister Justin Trudeau finally completed his Europe visit, and it appears that Russia’s...

Saturday, March 12, 2022, 11:10:00 AM