Germany Urged to Ban Power-Plant Shutdowns, Handelsblatt Reports

Germany should stop utilities including EON AG from closing unprofitable gas-fired power plants to safeguard supplies, Handelsblatt reported, citing the state-owned Dena Energy Agency.

While the government can legally force utilities to keep plants online, operators must be compensated for doing so, Stephan Kohler, head of the research agency, told the newspaper.

Germany should create “capacity markets” by identifying the generators needed and paying those companies that can build or operate them at the lowest cost, Kohler said, according to Handelsblatt.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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