Merkel shoots down payments to gas and coal power utilities

Merkel

Chancellor Angela Merkel has told a convention organised by the German Renewable Energy Federation (BFE) that she is not in favour of capacity markets.

The chancellor’s statement is a blow to coal and gas-fired power plant operators who are lobbying for payments for their unprofitable facilities in return for maintaining the country’s energy security during renewable power fluctuations.

Addressing the reception on Wednesday, she said, “I share your scepticism as regards to capacity markets. We want the most efficient solution.”
Chancellor Merkel
Reuters reports that while Merkel acknowledged the thermal power plant producers’ concerns at the event, she said this could not mean helping plants with high CO2 emissions survive under Germany’s climate protection targets.

Merkel also said that building planned power transmission lines to transport wind power produced in Germany‘s north to the industrial south and west had a high priority, despite protests by locals who do not want new infrastructure nearby.

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