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German Power's Slump Squeezes EON, RWE: Energy Markets - Bloomberg
German power prices are extending their longest streak of quarterly declines as record wind and solar output squeezes profits at coal-fed stations run by RWE AG (RWE) and EON AG to less than a third of their U.K. counterparts.

Germany is building solar, wind and coal capacity to replace the 17 reactors that supplied about a fifth of its electricity, following last year's disaster in Fukushima, Japan. Europe's biggest economy gives green energy priority access to the grid and has a greater share of renewables than the U.K. Solar and wind generation units cost less to operate than fossil plants, pushing down electricity prices and profits.

I considered new coal plants Big Energy's Mission Market Share Conservation, but that mission seems to be failing.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Apr 13th, 2012 at 04:00:25 PM EST
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