RWE Proposes to Manage German Ultra-High Voltage Grid
Jul 11, 2008 - Datamonitor
RWE has announced that it is prepared to
take on systems management of the ultra-high voltage grid
owned by the four German transmission systems operators.
The company could then manage the uniform
German control area envisioned by policymakers and the
country's Federal Network Agency. RWE is also offering
to co-ordinate plans for grid expansion in Germany. The
grids are to remain the property of the current or future
owners of the transmission networks.
RWE welcomed the measures announced by the
Federal Network Agency regarding interest on investments
in new networks. The energy group noted that other details
that have an impact on the level of total interest are
still unclear. Chief among these is reportedly the complete
refinancing of energy procurement costs for compensation
RWE said that an acceptable entrepreneurial
interest rate on borrowed capital in the incentive-based
regulatory system is also essential.
Juergen Grossmann, CEO of RWE, said: "We
are addressing the policymakers' call for bundled system
responsibility and a uniform German control area. Moreover,
we are co-ordinating the expansion of the grid and thus
ensuring the achievement of the federal government's energy
policy objectives. Our model offers not only benefits
in terms of outage prevention and connectivity of new
renewable and decentralized power plants, but also the
possibility of flexible and transparent ownership structures."