āGambling on the futureā
Frankfurter Rundschau
The growth of renewables, while slowed, continues throughout Europe and is putting pressure on the price of electricity, Frank-Thomas Wenzel writes in Frankfurter Rundschau. What could happen is a stronger reduction of overcapacity, such as the large-scale closure of power stations. Wenzel likens the current situation to a poker game in which players wait in anticipation for the other to fold first and shut down power plants. Some in the industry suspect a coordinated action could take place following the next federal elections, with the backing of the government, that would result in power plant closures.
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