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RWE could do without gas surcharge

RWE could do without gas surcharge

RWE will not be able to use the planned gas surcharge. This was announced by CEO Markus Krebber on Thursday.

In the context of bubbling profits, power group RWE may not want to use the planned allowance for replacement gas acquisition losses. “RWE is a sound and financially sound company. We are therefore considering refraining from claiming our gas replacement acquisition losses for this tax for the time being,” RWE boss Markus Krebber said. Thursday in a conference call with reporters, according to the text of the speech. “Then we would bear this, as well as the €750m losses as a result of sanctions on Russian coal deliveries.”

The group can resort to bulging coffers. Net worth was €1.9 billion at the end of June, up from €360 million at the end of 2021. RWE had already reported results at the end of July and raised the forecast. At Group level, RWE expects an adjusted operating income (Ebitda) of €5 to €5.5 billion in 2022 instead of €3.6 to €4.0 billion previously.

Billions invested in green energy

In addition, the company was less affected by cuts in Russian gas supplies. “We get comparatively little gas from Russia,” Krebber said Thursday.

RWE also wants to become less dependent on natural gas in the long run: the group would like to use the profits, among other things, to further its renewable energy business. In the current year, the group will invest more than five billion euros in the expansion of the green portfolio, around 30 percent more than originally planned, the provider announced on Thursday when presenting its half-year figures.