Austria exported more energy than it consumed for the first time in two decades. Russia has delivered all agreed volumes of gas under a long-term contract with Gazprom.
Electricity consumption fell 5.3 percent, although cheap hydropower generation rose by more than a fifth compared to the previous year. The rising profits of OMV and Verbund were hit with a “windfall tax,” which the government has extended until the end of 2024. Despite this tax, OMV announced on Wednesday that it will pay investors a dividend that is more than 50 percent higher than expected.