Germany’s battered utilities face further challenges

Two of Germany’s largest energy companies, RWE and E.ON, will publish their balance of accounts this month – a move that is likely to highlight the difficulties the industry is still grappling with amid the country’s energy transition, news agency dpa reports in an article carried by Lausitzer Rundschau. E.ON and RWE spin-off innogy make most of their money with power grids. Researcher Manuel Frondel, of RWI Essen, says nothing could replace grids as the main source of revenue soon, but a decision by the Federal Network Agency (BNetzA) to cap profits there. “Revenues in this field used to be very stable. They will now become smaller,” Frondel says.

Find the article in German here.

See the CLEW dossier Utilities and the energy transition for more information.