GENERICO.ruWorldMedia: Electricity Company Goes Bankrupt in Germany

Media: Electricity Company Goes Bankrupt in Germany


BERLIN, 20 Dec German electricity company Neckermann Strom AG, serving approximately 13,000 consumers nationwide, has filed for bankruptcy amid rising energy prices, according to Wirtschafts Woche. The company was founded in 2013 and is positioning itself as a supplier of clean electricity. Europe has been experiencing an energy crisis in recent months. A tangible rise in gas prices in Europe began in April-May, when the average spot price for TTF fluctuated in the range of $ 250-300 per thousand cubic meters. In the last days of summer, the value of a day-ahead delivery contract exceeded $ 600, and in early October it crossed the $ 1,000 threshold. In Germany, the EU announced the “headache” because of the “Nord Stream – 2”

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