Uniper’s reverses losses, prepares to start repaying state bailout – Gas To Power

German utility Uniper swung back to a €6.37 billion ($6.8bn) operation profit in 2023, benefitting from hedges for electricity generated from coal and gas and in its gas midstream business. Having reversed its prior-year loss, Uniper promised to set aside €2.3 billion to pay back the billions it received from the taxpayer as part of a bailout during Europe’s energy crisis.

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This article was originally published by a gastopowerjournal.com . Read the Original article here. .