According to RWE boss Markus Krebber, the throttling of Russian gas supplies is already noticeable. He welcomes the plans of Economics Minister Robert Habeck.
The CEO of the Essen-based energy group RWE, Markus Krebber, expects gas and electricity prices to remain high for years after Russia attacked Ukraine.
“It will probably take three to five years,” said the manager of the “Süddeutsche Zeitung” about the energy bottlenecks in Germany. “Because it takes time before new capacities are created and other countries can supply additional energy.” Krebber welcomed the plans of Federal Economics Minister Robert Habeck (Greens) to start up coal-fired power plants again in order to save natural gas. “Wherever you can switch to other energy sources, this should happen.”
The throttling of gas supplies from Russia is already having an effect. “We also get significantly less than the agreed amounts,” says the RWE boss. The group, which operates gas and coal-fired power plants in Germany, Great Britain and the Netherlands, must now “buy the fuel at significantly higher and further increasing prices”. Krebber ruled out continued operation of the last nuclear power plants in Germany beyond the end of 2022. However, as planned, RWE is banking on the expansion of the Garzweiler II opencast lignite mine in the Rhineland. “Planned mining progress is important – especially as we prepare for gas-saving scenarios.”
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
