"Last year, the historically high procurement costs for gas and electricity posed a major challenge for us. We can now see that the wholesale markets are easing again, explained CEO Leonhard Birnbaum. This will enable us to lower prices for millions of electricity and gas customers again, as announced." E.ON is clearly on course for growth. In Germany alone, E.ON will have to connect six million new plants to its grids by 2030. "This requires an appropriate and legally secure investment environment."
The Federal Network Agency has announced higher returns for investments in new grids. According to this, there could be a return on equity of around 7.09 percent for investments in new plants, compared to the current 5.03 percent. This is not enough for the industry. It has called for improvements.
(Report by Tom Käckenhoff; edited by Sabine Wollrab. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).