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RWE executive telegraphs more cost cutting measures ahead

The deputy chief executive of RWE Rolf Martin Schmitz has told a leading German newspaper that more cost cutting measures are inevitable at the company.

E.ON and RWE management rule out merger

A potential merger of Germany's two largest utilities has been ruled out by its respective managements.

E.ON to shed 5,000 jobs as part of Innogy deal

E.ON will shed around 5,000 jobs as part of its deal with RWE to take over the latter's Innogy business.

RWE chief rules out selling off power plants

The chief executive of RWE, Rolf Martin Schmitz, says the company is not interested in selling off its power plants, and on the contrary, would consider acquiring assets from competitors who are unable to continue in what is increasingly challenging market.

E.ON and RWE opt to clear nuclear waste bill with single payment

Germany's two top power utilities have agreed with the government to pay their contribution to the country's nuclear waste storage costs in one lump sum payment.

RWE creates new company for European conventional plants

Energy company RWE has bundled all of its conventional power plants in Germany, the UK and The Netherlands into a new firm called RWE Generation.

Lignite friendly RWE: Carbon neutral by 2040

Dutch renewable energy company RWE has pledged to be carbon neutral by 2040, an ambitious target based on a three-stage CO2 reduction plan. ...

RWE chief affirms commitment to Poland

The vice-president of RWE Poland has dismissed worries that the company was to withdraw from the Polish energy market.

RWE CEO says power business cuts must continue

RWE Chief Executive Rolf Martin Schmitz says his company has no choice but to continue with cost-cutting measures at its power generation business. However he also expressed confidence that the company's conventional power fleet has a strong future due to the need for baseload generation.

Merkel criticised for lack of detail to back up energy cost comments

Chancellor Angela Merkel warned this week that spiralling costs in Germany for developing renewable energy sources could damage the country's economic competitiveness and need to be scaled back.

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