Thousands of homes and offices in Tyrol were without electricity for more than half an hour this morning (Tues). A short circuit – which happened during work on a transformer station near Innsbruck – left around 4,000 households without energy between 9.47am and 10.20am, electricity provider Tiwag explained. Customers were locked in shops as automatic […]
Tag: electricity
Verbund AG has said it is investing “several hundreds of millions of Euros” in a new wind park in Romania. The Austrian energy sector giant – which started the construction in Casimcea in March – explained the site should generate electricity from next year. Up to 170,000 households will be provided with power when the […]
Electricity price hikes ahead
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An energy sector expert has warned that electricity prices will climb further. The Austrian Energy Agency said today (Thurs) its price index for next month was 7.6 per cent higher than figures of July 2010. It added that the index rose from June 2011 to July of the same year by 1.7 per cent. These […]
Hundreds of households in Vienna were left without electricity for several hours yesterday morning (Thurs).Shortly after the power outage kicked off, energy provider Wien Energie said the reason was unclear and a matter for investigation.Around 1,800 homes, offices and shops in Vienna-Währing were affected by the disruption.
Energy sector giant Verbund AG has suffered a turnover decrease.The Viennese firm, in which the Republic of Austria holds a 51 per cent interest, said today (Weds) its turnover shrank by five per cent to 3.3 billion Euros in 2010. Verbund added that its earnings before interest, taxes, depreciation and amortisation (Ebitda) declined by 15.4 […]
BEWAG starts sales
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New BEWAG boss Michael Gerbavsits has revealed that the sale of B.net has started.BEWAG, the leading energy provider in the eastern province of Burgenland, is expected to end various projects abroad as it prepares to merge with gas provider BEGAS.Now Gerbavsits said he has started examining offers of investors interested in acquiring the firms Croatian […]
An Upper Austrian electricity provider has lowered its rates while the average Austrian household energy costs have jumped.Linz AG announced today (Mon) it lowered its consumer prices by 1.4 per cent as of 1 January. The company said this decision means its customers will save an overall one million Euros this year.The firm, which claims […]
Miners trapped as EVN cuts off energy
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Dozens of Bulgarian miners were trapped below ground after an Austrian energy provider turned of the mines electricity supply over unpaid bills, it has emerged.Bulgarian newspapers revealed yesterday (Weds) 80 workers were caught in shafts in the Balkan 2000 mine near the town Tvardiza for more than four hours on 28 December after Maria Enzersdorf-based […]
Electricity heating can be 10 times more expensive than wood heating systems, according to an investigation.Consumer information magazine Konsument revealed wood chip heating costs 1.99 Eurocents per kilowatt hour (kWh), while electricity-powered heaters can cause expenses of up to 18 Eurocents per kWh.The monthly magazine stressed extra costs for transportation and storage of wood chips […]
Verbund earnings tumble
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Verbund AG, Austrias leading electricity provider, suffered a significant decline in earnings in the first nine months of this year.The company, which was founded in 1947, announced today (Thurs) that earnings before interest and taxes (Ebit) dropped by 22.1 per cent year on year to 625.6 million Euros in the first three quarters of 2010. […]