In Germany, deposits up to 100,000 euros are secured by law. Higher amounts are secured through the Association of German Banks (BdB). For individuals, the secured amounts will be limited to 5 mln from 1 January 2022 and they will reach 1 mln by 2030. For companies, the amount will be slowly lowered from 50 mln to 10 mln by 2030.

Supply has not been able to keep up due to years of lower investments in fossil fuels. Europe’s renewable energy sources have struggled with low wind speeds. German power for next year reached €192 MWh. As utilities burn more fossil fuels, carbon prices surged to a record €90.75/t, with options traders betting prices will hit €100/t by the end of 2021.