Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Domestic energy prices will continue to rise

Share this article

Domestic energy prices will continue to rise
Expensive Photo:DPA
10:45 CEST+02:00
Domestic gas and electricity costs are likely to continue rising in Germany in the long term, even if costs dip a little first, according to head of energy giant RWE, Jürgen Großmann.

He told the Frankfurter Rundschau, “We will have phases where the gas and electricity prices can and will sink.” But he said consumers should not expect a long-term reduction in bills, which will basically go up. “In curves, of course, up and down,” he said.

He made no secret that the company makes a big profit. “We are not crying poverty, that's right. We are doing well,” he said.

Großsmann at RWE said in his interview he was fundamentally opposed to the idea of special tariffs for the worst off. He said services should be sold at their market value, “be that bread, sausages or electricity.”

Helping those in financial difficulties was something for which the state was responsible, said.

The centre-left Social Democrats unveiled plans at the weekend to help out families on housing benefits with one-off payments of €150 to counter the effects of soaring oil prices.

Transport Minister Wolfgang Tiefensee told Die Welt, “When the back payments for heating costs are due, people with slimmer wallets should receive a special payment.”

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement