Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, June 6, 2012

German minister warns of rising electricity prices

German minister warns of rising electricity prices

By JUERGEN BAETZ

BERLIN
 
German Economy Minister Philip Roesler said Tuesday that the country needs to do more to ensure the steady and reasonably priced availability of electricity as the country phases out nuclear power over the next decade.
The debate on the country's energy switchover currently "lacks honesty" as electricity prices will be rising amid high subsidies for the renewable energies that are set to replace nuclear power by 2022, he said.

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