The next act in the billion-dollar affair with the crisis-ravaged energy company Wien Energie: the Ministry of Finance found out through “Krone” the trade freeze of the energy supplier. It had previously only been indicated that Wien Energie needed forward transactions to secure the supply.
The surprise was big when the “Krone” reported that Wien Energie had put in place a temporary trading stop in long-term trades a week ago. The Ministry of Finance is also surprised – they learned about it through the newspaper.
Billions of taxpayer dollars are at stake. The government has released two for the energy company. Condition: clarification of the background to the alleged speculative transactions in mid-September.
Group/City of Vienna has not communicated with the federal government
“In the short time it was not possible to provide an exact overview of Wien Energie’s portfolio on the stock exchange and the financial securities,” said Magnus Brunner of the ministry. It was only said that Wien Energie needed forward transactions to secure the supply. The Group/City of Vienna has again failed to communicate with the federal government. The government wants to help the city “so that the scenario described by Vienna, namely the cancellation of 2 million electricity contracts, can be averted”.
Electricity price brake is now presented
The cabinet wants to present the long-discussed “electricity price brake” next week to absorb the high energy costs. A “general basic requirement” is capped. Originally, the cabinet wanted to present the measure at the end of August. The delay is in the handling of the current Wien Energy crisis.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
