Austria defends energy plans against criticism of low savings

Austrian Energy State Secretary Elisabeth Zehetner has defended the government's proposed reforms to curb electricity grid costs, pushing back against criticism that the plans lack substance and that the projected savings are too modest. Critics, including former E-Control board member Walter Boltz, argue that the 4.1 billion euro savings target by 2040 is insufficient, representing only 8% of the anticipated 50 billion euro in grid costs. Boltz suggested that savings of 20-25% could be achieved through measures like adjusting equity returns and extending depreciation periods.

Zehetner countered that the 8% cost reduction is a "very clear" figure. She emphasized that extending depreciation periods is already planned in the new Electricity Economy Act from 2027. The state secretary also pointed to efficiency gains expected from the regulatory authority E-Control actively approving grid operator plans to prevent redundant infrastructure, such as duplicate lines across borders.

Furthermore, Zehetner advocated for consolidating energy responsibilities at the federal level. This move, she explained, would enable faster grid expansion and the implementation of crisis mechanisms without requiring a two-thirds majority. She cited eight ongoing EU infringement procedures in the energy sector, warning that failure to comply could result in billions in fines.

In a separate capacity as tourism state secretary, Zehetner also commented on a proposal to shift summer holidays due to heatwaves. She deemed a review of holiday schedules sensible but stressed the need for European coordination to potentially smooth out tourism demand and reduce travel-related issues throughout the year.