German Chancellor Links High Electricity Prices to Hasty Nuclear Phase-Out
German Chancellor Friedrich Merz stated that Germany's current high electricity prices are partly attributable to the hasty closure of nuclear power plants. He believes that Germany exited nuclear energy without adequate alternative solutions and now has to bear higher costs for subsequent energy supply arrangements. In an interview, Merz said that the closure of Germany's nuclear plants was not his responsibility, and "if it were up to me, I would not have done this." He noted that the decision has already been made, and the current government cannot change the established facts nor provide a legal guarantee for grid electricity prices over the next 15 years. Merz also mentioned that the impact of the Iran conflict is one of the factors driving up electricity prices. In terms of electricity...
2026-08-31
