ks ag said monday that it wont make use of an electricity and naturalgas price cap that was approved by the german parliament last week although the companys board of executive directors said they welcome the measures taken by germanys federal government to support industry affected by high energy and electricity prices the german potash seller has already secured almost all of its naturalgas requirements in terms of pricing for 2023 ks said in a statement this will preserve our full ability to pay dividends ks board of executive directors chairman dr burkhard lohr said ks has secured an average naturalgas price of 5 european cents 005 per kilowatthour for 90 of its european natural gas needs in 2023 giving it predictability about its energy costs adding that a large proportion of its electricity requirements are covered by its own production last week the german parliament approved a pricebrake measure for gas and electricity to cushion the effect of high energy prices for german businesses and households