A leading European energy provider, Vattenfall, is cautioning against a slowdown in the transition to renewable energy sources and emphasizing the necessity of a decisive shift away from fossil fuels. Robert Zurawski, CEO of Vattenfall Germany, stated in an interview with the Süddeutsche Zeitung that Europe’s competitiveness hinges on abandoning fossil energy, not the other way around.
While acknowledging the need to review the costs associated with the energy transition – a point recently raised by the new German Federal Minister for Economic Affairs, Katherina Reiche – Zurawski stressed that progress must not be compromised. He asserted that the energy transition is now irreversible and necessitates continued investment in grid infrastructure alongside the expansion of renewable energy projects.
The company expressed disappointment regarding a planned reduction in electricity taxes for consumers. Initially announced by the government aimed at a five-cent reduction, the measure is now reportedly being reconsidered while industrial energy relief remains a priority. Zurawski voiced concern, stating that Vattenfall would have preferred a broader tax reduction and describing the industrial electricity pricing initiative as a misstep.
Zurawski also highlighted anxieties amongst households contemplating new heating systems. The German government’s intention to dismantle the regulations implemented by the previous coalition government has introduced uncertainty. He warned of potential communication breakdowns due to the lack of clarity surrounding the impending legal changes, particularly regarding the viability of heat pumps which, he argues, are already financially advantageous for most households.
Vattenfall, a Swedish energy conglomerate, has a diverse portfolio including nuclear power generation (outside of Germany) and provides electricity and heating solutions to millions in Germany, offering heat pump installations and operating wind farms. Formerly reliant on fossil fuels, including coal power, the company has since fully transitioned away from this sector.