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Germany must curb runaway retail prices for sake of green power -IEA

Posted on 28 May 2013

Germany must rein in runaway retail prices for electricity or risk a consumer backlash that could undermine support for a massive shift toward green energy, the International Energy Agency (IEA) said on Friday.
The Western world’s energy watchdog pointed to weaknesses in Germany’s effort to move away from nuclear and fossil-fuel energy towards a low-carbon economy, a move that was accelerated by Chancellor Angela Merkel’s decision in 2011 to exit nuclear power altogether…………………………………..Full Article: Source


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