ENERGY - Germany’S RWE Fails To Renew Two Long-Term Coal Power Contracts

 Originally published on ClimateProgressby Jeff SprossImage Credit: Shutterstock RWE, Germany’s largest electrical utility, will not renew two long-term contracts for coal-fired power, according to Bloomberg News.In Germany, long-term contracts like this work by allowing utilities to buy power from a producer for a fixed rate over the contracted period of time. Utilities do this if they anticipate being able to then turn around and sell the ...

http://cleantechnica.com/2013/12/24/germanys-rwe-fails-renew-two-long-