After last year’s unprecedented shakeup, anyone who thought the German energy industry was in for a quieter time 2017 is likely to be disappointed.
After the break up of the country’s two biggest utilities, there are more deals on the way. Engie SA of France is weighing a bid for Innogy SE, while its majority owner RWE AG is considering all options, including making acquisitions of its own. The utilities have appointed advisers to shape strategy in the new energy world where renewables are king.
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European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.