WKStA discontinues proceedings regarding Wien Energie

WKStA discontinues proceedings regarding Wien Energie

Headquarters of Wien Energie
Image: ROLAND SCHLAGER (APA)

The authority announced this on Thursday at the request of the APA. Several reports were received in the case. However, according to the WKStA, the suspicion of breach of trust or negligent impairment of creditors’ interests has not been substantiated.

An APA spokeswoman reported that the proceedings were discontinued due to a lack of evidence of crime-prone actions or because there was no evidence of abuse of authority. It was not announced who exactly was being investigated. It was said that it was an association, a person known by name and unknown perpetrators.

As a result of the price jumps, Wien Energie had to deposit high security deposits for trading electricity and gas on the exchange and was no longer able to raise these on its own from summer 2022. The city initially provided a total of 1.4 billion euros. The liquidity bottleneck became public at the end of August of the previous year, when these funds also became scarce.

As a result, the federal government granted a further 2 billion euros via the Federal Financing Agency (OeBFA). The Vienna loan has now been repaid, but the federal loan is not needed. The incidents are currently being examined by a local council investigative commission. A final report from the committee is to be decided in October.

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