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The left wants to nationalize energy companies

2022-09-10T09:44:23.034Z


Whether RWE, Vattenfall or Uniper: The party leaders of the left have had a plan drawn up for the "full nationalization" of large energy suppliers. It is time »that we regulate the market«.


Enlarge image

Uniper's coal-fired power plant in Hesse: "Saved with a lot of money, but not taken responsibility".

Photo: Sebastian Gollnow / dpa

The party Die Linke will discuss a concept for the nationalization of energy companies at their board meeting this weekend in Rathenow.

The party chairmen Janine Wissler and Martin Schirdewan drafted the paper with the headline "Energize energy companies" with the help of lawyers, reports the editorial network Germany.

"In order not to leave the energy transition to the self-interests of four private companies, the transmission grid should be transferred to public ownership," the newspapers quote from it.

According to the report, the ten-page concept shows ways and possibilities of a "full nationalization" of companies that are active in the energy sector.

In addition to the electricity giants RWE, EnBW, EON and Vattenfall, this also includes electricity network operators such as 50Hertz, Amprion, Tennet and TransnetBW.

The legal options for nationalizing the ailing energy supplier Uniper, which was previously the largest German importer of Russian natural gas, are discussed as an example.

"Energy suppliers are saved with a lot of money, which is correct, but they are not held responsible," Wissler complained to the RND.

"Instead of having the majority of people pay for the mistakes of others with the gas surcharge, companies that can no longer fulfill their social mission should be taken over by the public sector." Specifically, Wissler spoke out in favor of nationalizing Uniper.

According to the RND, the concept of the party leadership also includes strategies for the »remunicipalisation« of companies that have been privatized in recent years.

"The aim is to reverse the privatization of previously public-law tasks and assets and bring them back into municipal ownership," the paper is quoted as saying, which mentions the areas of energy, water and health care.

Schirdewan told the RND that securing systemically important companies and strategic infrastructure such as gas supply is a state task.

Since the market apparently no longer regulates anything when it comes to energy supply, it is time »that we regulate the market«.

Billions in state aid

"Electricity and heating networks, like large energy companies, belong in the public domain and under democratic control," demanded the co-leader of the left.

His party no longer wants to "waste taxpayers' money to save the profits of stockholders, but instead use it to take over the corporations in the long term".

On Friday, the German gas importer VNG, a subsidiary of EnBW, submitted an application for stabilization measures to the Federal Ministry of Economics due to the failure of Russian deliveries.

At the beginning of July, Uniper also applied for government aid worth billions and argued with the stabilization of the energy markets.

dab/AFP

Source: spiegel

All business articles on 2022-09-10

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