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Germany's Biggest Electricity Producer Said to Drop 2 Coal-Fired Power Contracts

2013-12-24 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: RWE AG (RWE), Germanys biggest electricity producer, plans to drop at least two long-term contracts to buy wholesale power because of sagging energy demand, two people familiar with the matter said. RWE wont extend agreements with generator and trader STEAG GmbH for several hundred megawatts of hard coal-fired power that expire in the next two years, one of the people said. RWE also isnt renewing contracts with other operators of two smaller hard-coal plants, the other person said without being...

Tags: power drop biggest contracts

Category:Electronics and Electrical

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