In recent months, both the spot and futures markets for electricity and gas have seen a further downward trend in prices. Despite the continuing tension surrounding the energy industry and energy policy framework conditions, it proved possible to reduce Energie AG’s risk position in the first half of the 2023/2024 fiscal year due to this development.
Climatic conditions and the framework conditions and developments affecting climate policy as well as imminent regulatory changes all impact on risks and opportunities at Energie AG. The company is intensively addressing these issues in order to minimise risk and leverage opportunities arising from these developments.
Due to the Group’s diverse and robust business portfolio and its high level of resilience, the risk situation remains largely stable. Energie AG pursues a holistic risk management strategy oriented on leveraging opportunities in the best possible way, and identifying and minimising potential risks at an early stage. In the first half of the 2023/2024 fiscal year, no risks were identified at Energie AG that, either individually or collectively, would have the potential to jeopardize the continuity of the company.
For more details on the risks and opportunities situation, see Notes to the Semi-Annual Consolidated Financial Statements, Section 8. Risk management.