IN DEPTH: E.ON tells Europe to get its act together

'When governments start thinking too much and changing actual schemes, investors get nervous,' says Mike Winkel

'When governments start thinking too much and changing actual schemes, investors get nervous,' says Mike Winkel

E.ON

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By Christopher Hopson in London

 Tuesday, March 05 2013

German energy giant E.ON warns that prospects for building the European supergrid are “wishful thinking” unless real progress is made in creating a single market for electricity, and rescuing the floundering Emissions Trading Scheme (ETS), where prices have hit rock bottom.

Mike Winkel, head of E.ON Climate & Renewables, tells Recharge: “We want and need a supergrid in order to build up a European clean-energy portfolio and power system. However, when we look at the real picture, nothing is happening.”

He highlights two main challenges faced by the industry. Firstly, concerns at what he describes as “unstable regulatory frameworks” in Europe, where governments are getting worried about the costs of building renewables and its impact on consumers and energy-intensive industries.

"When governments start thinking too much and changing actual schemes,…

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