Germany Weighs How Much Consumers Will Shoulder Uniper Rescue
- Uniper shares rise as government prepares legislation
- Government weighing impact on inflation, and energy use
The Scholven coal-fired power plant, operated by Uniper SE, beyond housing in Gelsenkirchen, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
German officials are wrestling over how much of the cost of rescuing troubled energy giant Uniper SE they can pass onto consumers as they rush to put together a bailout package for the company squeezed by Russia’s gas war.
Ministers are set to approve legislation as soon as today that will enable government bailout packages of failing energy companies -- including taking stakes. While that’s the prime option, the bill will also create a tool to allow part of the cost of surging energy prices to be distributed among all consumers, according to a government official.