Eon CEO Calls for Market-Driven Energy Policy Overhaul

Leonhard Birnbaum advocates for competitive renewables expansion and reduced regulatory detail in Germany's energy sector.

Leonhard Birnbaum, CEO of Eon, urges the German government to shift energy policy towards market-driven mechanisms, reducing reliance on customer-borne price risks.
Birnbaum proposes that wind and solar investors should bear the financial risks of grid overloads, eliminating current compensation models.
He criticizes current investment incentives, arguing they focus too heavily on meeting specific targets rather than genuine market needs.
Birnbaum emphasizes the potential of artificial intelligence to enhance energy system operations and calls for greater innovation in the sector.
The Eon CEO sees widespread electrification as key to reducing energy costs and enhancing efficiency, despite initial infrastructure expenses.