Merkel Eyes Multinational Power Market to Cut Renewables Cost
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Germany wants to cut the cost of its unprecedented switch from nuclear to renewable energy -- and is now turning to its neighbors for help.
Europe’s biggest energy market has started talks with all the countries it borders about closer power-market cooperation to save money when it comes to maintaining spare capacity, according to two people close to Chancellor Angela Merkel’s government. The country’s Economy Ministry confirmed the talks, declining to give more details.