Energy: Converted coal power plants make electricity more expensive for consumers
The state wanted to promote the construction of new gas power plants and instead is now providing money to convert old coal-fired power plants to gas. In the long term, this is likely to lead to higher electricity prices.
A study by ICIS found that converting old coal power plants to gas power plants will be more expensive for electricity customers in the long run than building new gas power plants. The analysis, obtained exclusively by Handelsblatt, compared different scenarios for power plant construction in Germany by 2031. If only old coal power plants are converted, the electricity price would be €2.92 per megawatt-hour higher in 2032, resulting in €1.8 billion in additional costs. This scenario would also lead to more electricity imports from neighboring countries.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
