MNI: PBOC Sets Yuan Parity Higher At 7.1712 Thurs; -1.19% Y/Y

MNI BRIEF: China Feb LPR Remains Unchanged

MNI BRIEF: Aussie Jan Unemployment At 4.1%, 44k Jobs Created

MNI: Fed Can Take Time On Next Rate Cut - Jefferson

MNI China Daily Summary: Wednesday, February 19

MNI BRIEF: China Jan Utilised FDI Lower Than Last Year

MNI:AUSTRALIA JAN UNEMPLOYMENT RATE +4.1%

FED MINUTES: WANT FURTHER DISINFLATION BEFORE NEXT CUT

MNI: US REDBOOK: FEB STORE SALES +5.8% V YR AGO MO

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: Germany’s Steag is Suing Bnetza Over Coal Plants in Reserve

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

Germany’s Steag is suing energy regulator Bnetza for putting its coal-fired power plants in the country’s reserve instead of being able to switch them off according to Bloomberg. 

  • Steag issued a complaint last year saying the utility’s power plants are unprofitable to run.
  • “It is difficult to find people to operate these facilities, and we cannot make a profit from the plants in the reserve,” Steag’s spokesperson Daniel Mühlenfeld said this week.
  • Bnetza previously requested Steag to keep five coal-fired power plants with a combined capacity of 2.5GW online until the end of March 2031 to ensure security of power supplies. 
101 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Germany’s Steag is suing energy regulator Bnetza for putting its coal-fired power plants in the country’s reserve instead of being able to switch them off according to Bloomberg. 

  • Steag issued a complaint last year saying the utility’s power plants are unprofitable to run.
  • “It is difficult to find people to operate these facilities, and we cannot make a profit from the plants in the reserve,” Steag’s spokesperson Daniel Mühlenfeld said this week.
  • Bnetza previously requested Steag to keep five coal-fired power plants with a combined capacity of 2.5GW online until the end of March 2031 to ensure security of power supplies.