Innogy deal: Electricity companies seek refuge in reordering
The deal on innogy between utilities Eon and RWE is another sign of how weak the two former energy giants have become, after they failed to act in time on the shift towards a low-carbon energy supply, Jakob Schlandt writes in a commentary for daily Tagesspiegel. Politicians must take a significant share of the blame, he argues. “After all, E.ON and RWE as conglomerates have long been favoured by federal governments,” he says. The government is lucky the two are sorting it out between themselves. “In particular, RWE and innogy have been highly coveted targets for international investors – who nobody likes to see here.”
Read the full commentary here.