Germany needs an energy strategy, says E.ON CEO

Dr. Wulf Bernotat,
Berlin, Germany — (METERING.COM) — July 6, 2007 – The chief executive officer of German energy utility E.ON, Dr. Wulf Bernotat, believes that the country’s recent energy summit failed to produce a long-term energy strategy that he suggests should focus on three policy objectives – security of supply, climate protection and cost effectiveness.

Dr. Bernotat noted that most of the discussions at the summit revolved around issues of climate protection. He made the point that E.ON was committed to the principle, but that it should not be at the expense of the other two objectives, and that the various individual initiatives discussed could be counter-productive. “These will result in additional costs to consumers – such as costs for building renovation, insulation, heating systems, and energy-saving light fixtures – that have nothing to do with energy production.

“We’ll continue to dialog with the federal government and welcome its offer to meet regularly to discuss whether its initiatives are being implemented successfully. I still believe that it’s essential that we agree on the data we’re talking about so that we finally begin to craft the energy strategy that Germany has needed for so long. Climate protection should of course play an important – but not the only – role in this strategy. Right now Germany has the best and most balanced energy mix in Europe. We should try to keep it that way. And I believe that emission-free nuclear power is an essential ingredient in this mix.”

E.ON will be investing large sums of money over the next few years on technically advanced power plants, renewable energies and energy research, with a view to reducing CO2 emissions by 50 per cent compared with 1990 levels by 2030.