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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.
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.
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