Germany’s largest utility says the country’s energy transition is stalling. Here’s what it’s doing anyway. (Bloomberg)
EON is pushing ahead with a $50M grid investment plan through 2028. It’s said, though, that it could spend up to another $11.7B if conditions were more favorable.
The company’s POV? Regulator-set returns are too low to justify quick-paced infrastructure upgrades. And while higher returns could speed grid expansion, that risks pushing up consumer bills—a politically sensitive move as Berlin promises lower rates.