Because of the electricity price brake: Stadtwerke-München boss calculates - 330 million euros go to the federal government
Created: 2022-12-17 05:57
By: Matthew Schneider
According to boss Florian Bieberbach, Stadtwerke München will have to pass on a large part of their profits from electricity generation to the federal government in 2023.
© Marcus Schlaf/IMAGO /HRSchulz
The electricity price brake is to be financed by skimming off “accidental profits” in electricity generation.
Stadtwerke München will therefore have to hand over hundreds of millions of euros to the federal government in 2023.
Munich - Next year, Stadtwerke München will lose a large part of its profits from electricity generation from green energy sources and the Isar II nuclear power plant to the state: "We assume that in 2023 alone we will spend around 330 million euros to finance the electricity price brake have to hand over to the federal government," said Stadtwerke boss Florian Bieberbach in an interview with the
Münchner Merkur
.
Stadtwerke boss: “We have to increase the prices, which the state then caps – with our money”
The background to this is the skimming off of 90 percent of the "accidental profits" in electricity generation decided by the Bundestag on Thursday (December 15).
Thanks to a market mechanism, electricity prices have multiplied within two years, allowing operators of cheap power plants – especially green ones – to earn a lot of money.
The Stadtwerke own dozens of them: "From a PR perspective, this is of course a disaster: we have to raise the prices, which the state then caps - with our money," Bieberbach told the
Münchner Merkur
.
Since their announcement that they will more than double electricity prices from January, the public utilities have faced severe criticism.