RWE's Renewables Unit Calls For More Reform of German Energy Policy

Germany urgently needs to press ahead with reforming its energy market, but a series of elections, including general elections in the autumn, could mean standstill for much of 2013, said utility RWE AG's (RWE.XE) renewable energies chief Thursday.

Speaking to journalists at the company's head office in Essen, Hans Buenting, managing director of RWE Innogy GmbH, said that the government's top priority in terms of energy policy this year should be a reform of the renewable energies law to help contain the spiraling costs of subsidizing "green" technologies like wind and solar power.