Germany Risks Higher Power Prices If Green Goals Are Cut: Study

Germany would see significantly higher electricity prices if it backtracks from its renewable energy expansion targets than if the government keeps pursuing them, think tank Agora Energiewende said.

Berlin is in the process of reassessing the nation’s electricity needs after major utilities — including RWE AG, EON SE, and EnBW Baden-Württemberg AG — challenged official demand projections by 2030, arguing consumption has been overestimated. The government plans to review its projections by summer, which could be a precursor to adjusting its green energy goals.