Skip to content
Subscriber Only

Merkel Facing Power Dilemma as New Coal Plants Open

Germany, Europe’s biggest power market, is poised to open its first new coal-fired plants in eight years, just as prices slump because of a glut of electricity.

GDF Suez SA, Trianel GmbH and Steag GmbH will bring three new plants online by December, enough to supply more than 4.4 million homes. The nation is already producing so much electricity that exports will surpass last year’s record in 2013, according to the Fraunhofer Institute for Solar Energy Systems in Freiburg, Germany. Power prices may slide 12 percent by 2016, according to UBS AG in Zurich.