Business | Generating controversies

Some European power companies are on the brink

Others are on a high

A flare stack burns at the natural gas storage facility operated by Astora GmbH & Co KG, one of the largest in Western Europe and formerly controlled by Gazprom Germania GmbH, in Rehden, Germany, on Tuesday, Aug. 23, 2022. The former Gazprom unit, now named SEFE Securing Energy for Europe GmbH, and Uniper SE -- both the recipients of German government bailouts -- are seeking 92% of the relief from a levy to share the burden of higher gas prices with consumers, according to a person familiar with the situation. Photographer: Krisztian Bocsi/Bloomberg via Getty Images
|BERLIN

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”

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