E.ON and RWE lack proper strategy amid innogy split-up - analyst

Contrary to many utilities in other European countries, Germany’s E.ON and RWE lack a proper strategy for dealing with the energy transition, Bloomberg analyst Elchin Mammadov says on Dow Jones Newswires. The split-up of RWE’s spin-off innogy between Germany’s two largest energy companies therefore “makes no sense” in the context of managing the transition to a low-carbon energy system, he argues. He asks what the purpose of founding innogy and Uniper has been for RWE and E.ON, respectively, and if it would have been better for the companies to integrate their power generation, storage, retail, and trade businesses in one company, while transferring the grid business to another.

Find more reactions to innogy’s split-up in this CLEW factsheet.