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Why do Germany’s Electricity Prices Keep Falling?
Thursday, August 27, 2015 12:19
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Chancellor Angela Merkel cemented Germany’s shift toward an economy powered by renewable energy in 2010 with her “Energiewende” plan. One result has been a seemingly unstoppable decline in wholesale electricity prices, which tumbled to a 12-year low on Monday.
Wind and solar power have surged under Germany’s plan to get as much as 60 percent of its power from renewables by 2035, compared with 28 percent now. The switch is hurting utilities RWE AG and EON SE, the worst performers this year on Germany’s DAX stock index, as margins at their coal and gas-fired plants get squeezed because cheaper green power gets priority to the grid …. http://www.bloomberg.com
Source: http://luismmx.blogspot.com/2015/08/why-do-germanys-electricity-prices-keep.html
