2025-08-15 06:45:00
GERMANY ENERGY TRANSITION FALLING
BLOOMBERG - August 13, 2025 - Germany risks falling behind on its shift to cleaner energy amid counterproductive regulations and “vague” political pledges, utility EON SE said.
The company — which plans to invest €43 billion ($50.4 billion) between 2024 and 2028, mainly in Europe’s power grids — said Germany’s new government hasn’t tackled improving the rate of return on such investments, which it says are crucial to the transition.
While the utility has proceeded with its multibillion-euro spending — investments were up 11% in the first half of 2025 compared to a year earlier — EON has previously indicated it could spend up to another €10 billion if conditions were more favorable.
It will decide on its future investment plan in early 2026, the firm said in an earnings release Wednesday.
German grid operators have long argued that returns set by the regulator are too low, discouraging much-needed infrastructure upgrades. Raising the rates, however, could further strain consumers already grappling with high energy prices and would contradict Berlin’s plans to lower consumer bills.
EON’s chief executive officer said in an interview with Bloomberg Television that the company isn’t looking for subsidies, after lawmakers set up a €500 billion fund to modernize critical infrastructure.
“I am not asking to get a piece of the cake from whatever billions the government is allocating,” Leonhard Birnbaum said. “I want regulation that allows me to earn the margin I need to make the investments which the country needs.”
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