Energy consumption in Germany fell as sharply as during the oil crisis

In the first three months of the current year, energy consumption in Germany was down 6.8 percent compared to the first quarter of 2022, according to preliminary calculations by the Arbeitsgemeinschaft (AG) Energiebilanzen, which includes industry associations and energy industry research institutes. „This is one of the largest intra-year changes since the oil price crises of the 1970s and 1980s,“ the working group informs. The main causes were the „continuing high energy prices“ and the 0.3 percent decline in gross domestic product.