The falling price at the Leipzig power exchange comes amid an over-supply of electricity, despite the fact that Germany has switched off eight nuclear power plants in 2011 and will phase out its remaining nine nuclear reactors by 2022.
Even the switch-off of another nuclear plant in 2015 and one more in 2017 is already priced-in at the exchange, the international economic forum for renewable energy (IWR) in Münster claims.
“Electric
