Tag: e.on

  • Essent sells Belgian subsidiary to Luminus

    Essent sells Belgian subsidiary to Luminus

    Dutch energy supplier Essent and Belgian energy company Luminus entered into an agreement regarding the sale of Essent’s Belgian commodity supply business.

    The parties have agreed not to disclose the purchase price.

    The transaction is subject to the approval of the European Commission and is expected to close during Summer 2021. Essent is currently supplying more than 500,000 electricity and gas customers in Belgium.

    Essent is a 100-percent subsidiary of E.ON, Luminus is a 68.6%-subsidiary of EdF, the remaining stake is held by municipalities and regional bodies. 

  • E.ON installs 20.000 smart meters in Germany

    E.ON installs 20.000 smart meters in Germany

    E.ON is the first energy supplier in Germany to have installed 20,000 intelligent metering systems (so-called ”smart meters”).

    With the new smart meters, customers have access to a precise, graphically depicted breakdown of their power consumption and cost controls and thus avoid the sometimes bothersome task of reading meters.

    In future, smart meters will also be used to record feed-in from solar panels or other systems and to make this information available to market partners such as suppliers, network operators and direct sellers in real time.

    On top of this, if required, an E.ON smart meter can recognize how much energy is used by which groups of devices and can thus identify savings potential. 

    The intelligent metering system will gradually replace the analogue, so-called ‘Ferraris meters’.

    Germany lags behind in a European comparison

    In Sweden, where E.ON organized the first wave of roll-outs between 2004 and 2009, one million smart meters have already been installed, with 1,000 – 1,200 devices being added every day until the end of 2024.

    In the UK, E.ON has already carried out 2.5 million smart meter installations.

    The German smart meter roll-out plan states that every meter must have an intelligent or at least a digital interface by 2032.

  • E.ON sells Innogy’s electricity and gas retail business in Czechia

    E.ON sells Innogy’s electricity and gas retail business in Czechia

    German Energy Company E.ON and MVM Group signed an agreement regarding the sale of Innogy SE’s entire electricity and gas retail business in the Czech Republic for an undisclosed amount.

    The transaction is subject to the approval of the European Commission and is expected to close before year-end.

    Innogy is currently supplying 1.2 million gas customers and 0.4 million electricity customers in the Czech Republic.

    This transaction marks the final step in the fulfilment of the remedies offered by E.ON in the context of the antitrust approval of E.ON’s takeover of Innogy. E.ON has previously entered into agreements for the sale of a significant part of E.ON’s German heating electricity business, part of E.ON’s electricity retail business in Hungary and regarding the discontinuation of the construction and operation of a number of electric-vehicle charging stations on motorways in Germany.