The more or less frequent browsing through the Federal Gazette is one of my regular tasks. I am interested in the annual reports of gas companies. Several companies only fulfil their transparency duties by publishing the report in the Gazette. The big disadvantage is that in most cases it is published with substantial time-lags. Therefore, the reports are more of historical interest. Nevertheless, in this edition I have written about Wingas’ annual report 2017. After the redundancies and restructuring in 2018, it is at least interesting to see the figures on which these activities were based. And indeed, in 2017 the EBIT crashed compared to the previous year. However, on the other hand, there had been an interesting extension of sponsoring activities – but read it yourself.
I also elaborate on an absurd topic in this edition (I like this kind of topics). “Incremental Capacity”, i.e. the provision of additional transportation capacity (even BNetzA uses the English term). The procedures to determine “Offer Levels” are complex and have several stages. When I deal with the topic, I often have to think about a round table discussion I moderated at the sidelines of E-World around ten years ago (yes, I have indeed been working in that field for a long time). As senior managers of European gas companies, they were the ones who, in the early stages of gas market liberalisation, discussed the pro and cons of the process and how it might develop. They had a unanimous opinion on one issue: To create new capacity under that framework would be challenging – and the managers of the time were right.