Electricity price up 8% after plant closures in Germany
The closure of all the German plants by 2022 will result in an electricity price increase of around 20% in Belgium
According to Creg, the Belgian electricity and gas regulator, the closure of seven nuclear power plants in Germany on 15 March 2011 has increased prices in Belgium, Le Soir de Bruxelles reported. Prices increased by EUR 4.50 (USD 6.14) per MWh, or 8%, on the Endex exchange.
The closure of all the German plants by 2022 will result in an electricity price increase of around 20% in Belgium. Germany started importing electricity on 15 March. Previously, it was an exporter.
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