CUT RENEWABLES SUBSIDIES NOW ‘While E.ON and RWE want to shut - TopicsExpress

CUT RENEWABLES SUBSIDIES NOW ‘While E.ON and RWE want to shut off or mothball relatively expensive gas-and coal-fired power plants so far, the situation has now worsened. Now even the cheapest plant types – brown coal and nuclear power plants – got to the edge of their efficiency or even beyond. Vattenfall, the Swedish energy company which operates large lignite-fired power plants, apparently is already considering the withdrawal from Germany. With the fallen wholesale prices for electricity, now even nuclear power plants come to their limits of cost-effectiveness, Guenther said. “At current wholesale prices we barely earn the full costs of nuclear power plants.” According to industry sources, nuclear power plants normally require a stock price of 25 to 30 Euros per megawatt hour to cover their full costs.’

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