After saving the group Uniper by the German government, Austria’s $2 billion loan a Vienna Energy and the public emergency aid launched over the weekend by Sweden and Finlandeven there Swiss She is forced to intervene to save an energy company. It’s about Axpoan electricity company owned by some northwestern cantons of the country, which after i fuel prices they goaded as a result of the movements of Gazprom. He asked for temporary support from the government, which guaranteed access to one Credit limit of four billion Swiss francs ($4.1 billion). Axpo is also active in Italy, where it took over some of the customers last year green network. “The government has reacted positively in order not to endanger Switzerland’s energy supply,” said the Swiss Federal Office of Energy, adding that Axpo is an electricity company of the “systemic importance” for the country.
News of public interventions to avoid that Originally In short, companies forced to buy gas at the insane prices of the last few weeks are multiplying. It is no coincidence that among the proposals from the Czech Republic (which holds the rotating EU presidency) to be presented to energy ministers on Friday is the supply of a Europe-wide emergency credit line for operators with large “margin call“. That is, applications for integration of guarantees, under threat of the impossibility of continuing to operate in the market. Governments across Europe fear the shock of stopping Russian supplies will fall away north current could trigger a financial crisis. Both the Minister of Finance of Finland Mika Lintila is Federal Minister of Economics Robert Habeck bore a disturbing resemblance to 2008 and the risk of “Lehman Brothers in the energy industry”.
In Italy, energy traders have sounded the alarm that the government-imposed ban in Aid Ordinance until – would have to unilaterally change the general contract conditions by April 2023 “traumatic effects on the electricity and natural gas marketswith the risk of Originally for supplier companies and serious damage for end users”. The Senate Budget Service also expressed doubts when evaluating the law: “It should be clarified,” the decree reads, “whether this measure could identify possible changes in the financial circumstances of the companies concerned and indirectly determine the conditions for future financial interventions at the expense of public finances“.
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