German Power, EU Carbon Advances as Merkel Plans Nuclear Exit
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German electricity and European carbon permits advanced after Chancellor Angela Merkel said she plans to accelerate an exit from nuclear power by Europe’s biggest market.
Baseload power for 2012 rose 75 cents, or 1.3 percent, to 59.15 euros ($85.45), according to broker data compiled by Bloomberg as of 5:48 p.m. Berlin time. Baseload is delivered around the clock.