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E.ON sells German nuclear power ahead at above-market prices


E.ON sells German nuclear power ahead at above-market prices...


Bob Meinetz's picture
Bob Meinetz on Aug 12, 2020 3:45 pm GMT

"German utility E.ON said on Wednesday it has sold forward... 46% of its 2022 [nuclear] output at prices above the current wholesale market, raising earnings prospects from that segment."

Wha? Someone didn't get the memo. From 2011:

Germany: Nuclear power plants to close by 2022

'Mr Rottgen said the seven oldest reactors would never be used again...Six others would go offline by 2021 at the latest and the three newest by 2022."

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