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CEO of Verbund Expects Steady Increase of Electricity Price

Published: June 1, 2011; 16:32 · (Vindobona)

Anzengruber demands faster approval procedures for the expansion of infrastructure in order to keep prices on an affordable level.

CEO of Verbund Expects Steady Increase of Electricity Price / Picture: © Verbund AG

Wolfgang Anzengruber, CEO of Verbund and president of the branch association of Austrian energy, expects a continued increase in electricity prices as a result of Germany’s nuclear power phase-out. “It is obvious that electricity is not going to become cheaper”, he stated at a press conference in Brussels on Wednesday. Being “the blood of our economic growth” electricity would…

This article includes a total of 286 words.

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