Economic

Germany Investigates Late 2024 Power Price Surges Amid Renewable Energy Transition

In late 2024, Germany’s cartel office initiated an investigation into significant power price volatility. Concerns arose over potential supply withholding by energy firms during “dunkelflaute” periods—times of low wind and solar energy production. With renewables comprising 80% of Germany’s energy mix, the shift from fossil fuels has led to anticipated price spikes under new environmental laws. The probe aims to ensure fair market practices amid the nation’s energy transition.

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Categories: Economic, Energy

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