The plans from his economics ministry are met with harsh criticism in the energy industry.
(Photo: AP/dpa)
Berlin, Dusseldorf The federal government’s plans to skim off chance profits could jeopardize the expansion of renewable energies in Germany. The electricity industry warns of this. “During the design, it must be ensured that companies can continue to invest in a secure, climate-friendly and affordable energy supply,” said Kerstin Andreae, Chairwoman of the Federal Association of Energy and Water Industries (BDEW), the Handelsblatt.
And Michael Müller, CFO of the energy group RWE, warned: “If this is implemented in this way, we have to fear that new investments in renewable energies will not materialise.”
RWE presented quarterly figures on Thursday. The group is therefore one of the biggest beneficiaries of the sharp rise in electricity prices. In the past nine months, the Essen-based energy company has more than doubled its profit to 2.1 billion euros (EBIT) compared to the previous year.
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