Cautious all-clear – Styrian electricity companies: homework done

Dark storm clouds over Wien Energie – everyone is wondering what went wrong at the federal capital’s energy supplier. Can something like this also happen in Styria?

When asked by “Krone”, Urs Harnik, spokesman for the state energy supplier, confirmed that our state had done its homework. Nevertheless, a situation like the current one has never existed before: “The situation is challenging, but Energie Steiermark has a solid financial structure and an excellent credit rating.” Without guarantees from the owners – mostly the state of Styria – national and international Banks “with sufficient liquidity” covered. Due to the “forward-looking risk management”, the power company also sees itself well prepared for the future. Krone” cautious all-clear. Nevertheless, the “dynamics of wholesale prices are dramatic and worrying,” said Papousek.
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