Tiwag chairman of the supervisory board, Eduard Wallnöfer, is now making people sit up and take note of his blunt assessments. He talks about the further development of electricity prices, the hardly calculable future demand and the sometimes bumpy communications of recent times.
Electricity prices shot up due to the war in Ukraine, then calmed down again. Overall, the ups and downs are more of a mystery than understandable to the average citizen.
How do things go from here? Eduard Wallnöfer, Chairman of the Supervisory Board of Tiwag, gave a lecture on this topic for the Management Club Innsbruck (MC). More open than we were used to from the sometimes strange communication from the state energy supplier.
Wallnöfer immediately commented on a number of current questions.
. . . about the prices expected in the future: “Currently it is going sideways and even slightly downwards. But that only applies if nothing important is happening in the world. We have to come to terms with the fact that electricity prices will never be the same as before.”
. . . about goals: “We want to remain one of the cheapest providers. Purchasing has recently improved.” Everyone is free to get to know the competition and changes. Wallnöfer noted that alternative providers often cancel contracts when the market no longer supports low prices.
. . . about future electricity needs: “If you ask five experts, you will get five different answers. There is no master plan that is reliable.”
. . . about communication during the electricity increase: “We didn’t do some things well externally.” When asked about the advertising, which was also criticized by the AK (“Regional green electricity from 100 percent Tyrolean hydropower”), a “reflection” is needed, which is probably also needed by the courts. One thing is clear: 95 percent comes from hydropower, but 35 percent of that comes from Norway.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
