News
18 Feb 2019, 13:33
Rachel Waldholz

German utility RWE issues first estimates of coal exit costs

dpa / Rheinische Post

German utility RWE estimates costs of 1.2 billion euros for each gigawatt (GW) of power plant capacity switched off early to meet the country’s emissions goals, reports the news agency dpa in an article carried by RP Online. Germany’s coal commission has proposed removing some 3 GW of lignite capacity from the grid by 2022, and the commission recommends the federal government negotiate compensation with plant operators like RWE.

Germany’s coal commission has proposed exiting coal entirely by 2038 to reduce the nation’s carbon emissions. Parliament is set to debate how to implement the recommendations this spring as important commission figures like co-leader Barbara Praetorius urge policymakers to stick as close to the agreement as possible. For RWE, the prospect to receive compensation for decommissioned coal capacity gave company shares a boost after the commission agreement was announced. Company CEO Rolf Martin Schmitz last week said compensation might reach up to 1.5 billion euros for every GW taken offline.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.
« previous news next news »

Ask CLEW

Researching a story? Drop CLEW a line or give us a call for background material and contacts.

info@cleanenergywire.org

+49 30 700 1435 212

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee