Energy market split over emergency government support

German move to backstop margins with liquidity facility welcomed by energy producers – but others say it’s unnecessary

German power production

Energy utilities, traders and clearing banks are divided on the need for temporary government liquidity support to keep markets running smoothly amid unprecedented volatility unleashed by Russia’s invasion of Ukraine.

The German government revealed plans on April 8 to back its energy sector with €100 billion ($108 billion) in guaranteed short-term credit from state-owned development bank KfW. The credit facility aims to help energy companies stump up cash for margin requirements that have

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