Federal government paves the way for entry into gas companies



Bundestag in the Bundestag

In the federal ministries, a change in the law is being prepared in the course of the energy crisis.


(Photo: dpa)

Berlin The federal government is planning a protective shield for energy companies. According to a draft law that is available to the Handelsblatt, the state should be able to invest in companies, as with the Corona aid. Critical infrastructure companies could then be supported by the federal government taking shares or silent participations, i.e. without voting rights.

Even if Uniper is not named, the draft law aims to prevent the threatening imbalance of Germany’s largest gas trader, which supplies hundreds of municipal utilities, energy suppliers and companies. Just a few days ago the MDax group had asked for state aid. Experts estimate that Uniper loses up to 900 million euros a month.

After the cut Russian gas supplies, the company has to find replacements on the market at high cost, but cannot pass on the costs. Uniper’s share price fell by around a quarter on Thursday afternoon alone after the request for state aid became known.

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