An experts' report commissioned by the German government has advocated extending the life of the nation's nuclear power plants by up to two decades, German media reports said on Saturday.
Chancellor Angela Merkel on Thursday suggested that Germany's nuclear industry, already expected to pay a windfall tax on longer operating rights, should also stump up to help develop renewable energy.
Some 40 German bosses and economic figures lashed out Friday at a government proposal to tax nuclear energy production, warning it would hamper investment in Europe's biggest economy.
German power giant EON posted mixed quarterly results on Wednesday and pressed Chancellor Angela Merkel to live up to her promise to extend the life of some of the country's nuclear plants.
The Swedish energy group Vattenfall said on Friday it will sell its German high-tension power grid to Belgium's Elia and Australian investment fund IFM for €810 million ($1.1 billion).
Utility companies and the government have agreed to allow all of Germany's 17 nuclear power plants to keep operating, <i>Der Spiegel</i> magazine reported on Saturday, even two which were scheduled for closure soon.
Two German utilities – Vattenfall and EWE – announced on Wednesday they would dramatically raise electricity prices for their customers starting next year, blaming the higher cost of renewable energy.
Germany's largest energy concern E.ON said on Tuesday that it would sell its German extra high-voltage distribution network to the Dutch group TenneT for around €1.1 billion ($1.6 billion).
With German Chancellor Angela Merkel’s new government likely to extend or even roll back Germany’s phase-out of nuclear power, daily <i>Der Tagesspiegel</i> reported on Tuesday the country’s energy countries stand to make billions.
European Union regulators waded into the energy sector Wednesday, fining Germany's Eon and France's GDF Suez a total of more than a billion euros for agreeing to stay out of each other's markets.
The biggest German power company, EON, will cut 1,800 jobs in Germany as it reorganises its distribution network, a senior executive said on Wednesday.
German utilities giant EON made a profit of more than three billion euros in the first six months of the year, it said on Wednesday, as it reaped the benefit of higher electricity prices.
The EU's competition watchdog on Thursday approved a bid by German energy group EON for Viesgo, a Spanish affiliate of Italian energy group ENEL, and parts of Spanish rival Endesa.
The German energy group EON is to pay €11.8 billion for energy assets in France, Italy and Spain as part of a deal that ended its bid for the Spanish group Endesa, EON said on Friday.
