(Bloomberg) — Denmark will provide a loan guarantee of 100 billion kroner ($13.5 billion) for the country’s power companies to help prevent the energy sector from getting wrong-footed by rapidly rising prices.
(Bloomberg) — Denmark will provide a loan guarantee of 100 billion kroner ($13.5 billion) for the country’s power companies to help prevent the energy sector from getting wrong-footed by rapidly rising prices.
“Ultimately, some power companies could risk going under” if energy prices keep rising, Business Minister Simon Kollerup said on Thursday at a Copenhagen press meeting. If energy companies should collapse, it could lead to even higher prices, he said.
The move follows similar guarantees announced in Finland and Sweden over the weekend.
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
