“Electricity needs to remain affordable,” CEO Peter Terium told RWE’s annual shareholder meeting in Essen. “It made sense to give a (initial) push to renewable energies with subsidies. But renewables now have to grow up.”
With a market share of 25%, renewables now have to “face the market” and can no longer be shielded from competition, he said, adding that preferential access for renewable energy to Germany’s electricity market needs to be reformed.
Renewable
