“Uniper: Risky bet on electricity from gas”
WirtschaftsWoche
Troubled German energy company E.ON is listing its conventional power division Uniper but the move lacks a convincing plan, Angela Hennersdorf writes in WirtschaftsWoche. Uniper comprises commodity trading operations and more than 300 coal and gas power plants worldwide — fossil fuel-burning assets that have no place in the post energy transition era, Hennersdorf adds. She describes E.ON’s plan to list 53 percent of the unit in September as “shaky,” pointing out that electricity produced by gas plants is profitable at prices of at least 45 euros per kilowatt hour, but recent wholesale prices for gas-generated electricity were at less than 30 euros.
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