Friday, 25 January 2019

German ‘coal exit’ feared to push up gas and electricity prices

Open-cast coal mining in Garzweiler, Germany Open-cast coal mining in Garzweiler, Germany

Exiting coal – in addition to nuclear – is likely to propel up Germany’s energy costs by up to €54 billion, industry leaders warn. About 10 GW of coal-fired capacity could be taken off the grid by 2022, in a political move that would make the cost of gas-fired power generation a critical factor for the Germany’s economic competitiveness.

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