RWE boss Krebber expects higher electricity and gas prices

Released on 09.10. 2021

  • The RWE CEO expects electricity and gas prices to rise in the next few years. Photo: Matthias Oesterle

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Markus Krebber gives several reasons for the expected increase. The CEO of the energy company also comments on the coal phase-out.

Düsseldorf (dpa) – The CEO of the energy company RWE, Markus Krebber, is expecting end consumers that “electricity and gas will become more expensive in the next few years”.

How strong the increase will be, cannot be said today, said Krebber of the “Rheinische Post”. “Nobody expected the current explosion in stock market prices,” he added.

There are several reasons for this. “Last winter was very cold and the windy year was weak, so gas-fired power plants often had to step in. Less liquefied gas was delivered to Europe, and we are seeing an increase in demand from the economy around the world, which has picked up again after Corona », summarized Krebber.

Russia produces so much Gas as in previous years, Krebber clarified. “But because of the high demand from Asia and in Russia itself, less is arriving in Europe.”

When asked whether the 2038 the planned exit from coal-fired power generation 2030 would be feasible, said Krebber : «A coal phase-out 2030 is feasible – if we increase the pace of the expansion of renewable energies enormously and build many additional gas-fired power plants. Those who just switch off, however, endanger the security of supply in Germany. “

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