āOpinion: RWE is an energy bad bankā
German utility RWE would be āmerely a sort of ābad bankā of the energy businessā without the 75 percent share in its renewable spin-off innogy, and RWE's problems are self-inflicted, writes Andreas Becker in an opinion piece for Deutsche Welle. āThe fact that RWE's payment to [the nuclear clean-up fund] has now shown up on the books as a record annual loss proves once again that RWE and Germany's other big electricity utilities have lived very well for decades off a cash-cow business for whose considerable risks they made very little financial provision, preferring instead to pay out generous dividends to shareholders,ā writes Becker. RWE had announced a multi-billion euro write-down for 2016. Further write-downs were assured if āadditional constraints on coal-fired power plantsā were put in place after the autumn parliamentary elections when discussions on a coal phase-out could gain new momentum, writes Becker.
Read the opinion piece in English .
For background read the Āé¶¹ĪŽĀė°ę factsheet Securing utility payments for the nuclear clean-up.