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German Monopolies Agency Sees Green Energy ‘Cost-Tsunami’

The head of Germany’s Monopolies Commission, Justus Haucap, said he fears a “cost-tsunami” for electricity customers as Germany switches to wind and solar power, Frankfurter Allgemeine Zeitung reported, citing Haucap.

It is not “unrealistic” that prices may increase to more than 5 eurocents per kilowatt-hour, Haucap said, according to a preview of an article that will be published tomorrow.

Bloomberg, 4 June 2012