Saturday, January 15, 2022

From Russia with...contempt!-----Germany To Become Net Power Importer For The First Time Since 2002 | OilPrice.com

Germany To Become Net Power Importer For The First Time Since 2002 | OilPrice.com
"Europe’s largest economy, Germany, is expected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out, the International Energy Agency (IEA) said on Friday.
Germany plans to switch off all its remaining nuclear power generators by the end of 2022...
...The timing of Germany’s nuclear phase-out and accelerated coal phase-out coincides with the ongoing energy crisis in Europe, where natural gas and power prices have jumped to record amid insufficient supply of gas and uneven wind power generation in northwest Europe, including in Germany...Read all.

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