On Friday afternoon, German Minister Sigmar Gabriel stated that a decision on the proposed coal levy would be postponed until a review is conducted into the potential for job losses.
Intense discussions by Germany’s coalition government have led to a decision to order the shutdown of a total of 2.7 GW of coal-fired power capacity.
An official at the German ministry for energy has confirmed that the government is getting closer to finalising a strategy designed to keep conventional power plants open.
A report from respected German news magazine, Spiegel, claiming that Germany’s top utilities do not have the finances to pay for the decommissioning of nuclear power plants, has led to E.ON and RWE record their biggest share price slumps in 16 years.
Germany’s plans to build a network to distribute its green energy has suffered a blow, with a network of pylons in the Halle region forced to be dropped due to a public outcry.