Some European power companies are on the brink
Others are on a high
Robert habeck, the telegenic economy minister of Germany’s newish coalition government, has become a darling of the German media. He has been called a “rock star” and mooted as the next chancellor. Now the media has turned on him over his plan to bail out some utilities with a natural-gas surcharge that could cost an average four-person household an extra €480 ($480) per year (plus value-added tax). The measure is just one part of a complex set of government interventions.
This article appeared in the Business section of the print edition under the headline “Generating controversies”
Business September 10th 2022
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