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Reimer, Nick
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2 articles of this author have been cited in the European Press Review so far.
Movement on the European energy front
"What could be more embarrassing?" asks Nick Reimer. "Now the energy group Eon presents itself as being even more progressive than the Federal Government, wanting to sell its power grid. ... True, Eon's motives are not exactly honourable. For years, this energy giant reaped profits off the energy net without undertaking necessary modernization. And now that the regulatory authority has managed to cut these profits successfully and investors are lining up, the business suddenly gets innovative. ... It always follows the same pattern. The EU Commission finally develops ways to effectively implement climate protection. Germany then cashes in on these tools. That's how it was with air traffic, with certificate trading and automobile construction. Merkel's government has managed to hobble every good idea up to now."
» full article (external link, German)
More from the press review on the subject » Energy, » Corporations, » Germany
Europe faces a blackout
The power failure which stretched from East Friesland in northern Germany to Andalucia in Spain illustrates perfectly how tricky the subject of "secure power supplies" is, comments Nick Reimer. "Luckily, Eon is keeping us on track – with a turnover of around 56 billion euros it's the world's largest private power company. But on which track? On the one hand electricity prices are going up because, as the company explains, the maintenance costs for power grids are so high. On the other hand the company's profit margins are also going up and up because, as analysts explain, the electricity prices are so high. On the one hand Eon tells us it keeps its power networks in top order to prevent just such blackout scenarios, but at the same time it tells us that its nuclear power stations are absolutely safe... There's something foul in the state of Eon: neglecting networks, ripping off customers, failing to guarantee the security of its services, disregarding environmental protection and increasing profit margins – a company that does all this is not acting responsibly and walking on very thin ice."
» full article (external link, German)
More from the press review on the subject » EU Policy, » Energy, » Europe
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