The energy company Steag wants to leave its loss-making past behind thanks to a restructuring.

Coal phase-out causes Steag high losses

Essen - The ailing energy group Steag has submitted its annual financial statements for 2020. According to these, the Essen-based company generated a consolidated result of €231.1 million in the past financial year....
  • "Individual companies could no longer receive any supply"

    Hanover - The increased wholesale prices are a challenge for suppliers and consumers. There are risks for large consumers in particular. This is because they do not automatically fall into the substitute supply in the event of a failure of their supplier, Katrin Paskowski and Clemens Schäfer from VEA explain in an interview...
  • Gazprom reports jump in profits

    Moscow - The Russian energy group Gazprom achieved a significant profit after the first nine months of 2021. Before taxes, the result was the equivalent of just under 18.7 billion euros....
  • Netze BW aims for a climate-neutral distribution network

    Stuttgart - The Baden-Württemberg distribution grid operator Netze BW has offset its own CO2 emissions in the Scope 1 and 2 categories with 100 measures. In first place was the energy loss from electricity distribution...
  • Insolvency: Fulminant Energie gives up 10,000 customers

    Garching - The insolvent Bavarian electricity and gas supplier Fulminant Energie will pass on its approximately 10,000 customers to the responsible basic suppliers as of 1 December. This was announced by the provisional insolvency administrator Axel Bierbach, who was recently appointed by the Munich District Court...
  • Energy Saarlorlux continues to rely on Morsch

    Saarbrücken - Saarbrücken-based utility Energie Saarlorlux relies on continuity when it comes to management and has confirmed Joachim Morsch (57) as board member and spokesman for another four years ahead of schedule...
  • Kisters: Processing of the cyberattack is making progress

    Aachen - The Aachen-based IT service provider Kisters continues to struggle with the consequences of the cyber attack on the company's IT. The first preliminary findings from the investigation of the incident give Kisters' customers cause for hope. At the same time, the Federal Network Agency is accommodating the IT service provider and its customers...
  • Shortage of raw materials often weighs more heavily on industry than high energy prices

    Essen - So far, the high energy prices have not restricted production for the majority of the energy-intensive sector. This was the result of a non-representative survey by energate...