Cartel Office might assess RWE’s influence ahead of innogy deal
The planned deal between German utility heavyweights RWE and E.ON to split up RWE’s spin-off innogy between them has attracted the attention of Germany’s cartel office, the Bundeskartellamt, Handelsblatt reports based on information provided by news agency Reuters. Cartel office president Andreas Mundt said RWE’s share in wholesaler power retailing of one third made it the biggest player in that market. “I don’t say that’s problematic. I also don’t say that this is an easy situation. We might have to have a look at it in due course,” Mundt said. Germany’s first competition guardian added the deal’s effects on renewable power production, grids and retailing are “manageable”.
Read the article in German here.
See the CLEW dossier Utilities and the energy transition for background.