RWE chief says more plants may close without regulatory change

The head of RWE Generation says more of its power plants may have to be closed unless positive regulatory measures are introduced.

"Further closures are possible. Politicians need to put the market on the right track," RWE's Matthias Hartung told Reuters at an industry conference.
Matthias Hartung
Last week the German company posted bleak nine-month results on the back of weak prices, mild winter weather and increasing competition from expanding renewable energy producers.

Hartung said that policymakers must urgently discuss the future of the market design, where utilities hope for so-called capacity payments that would allow them to keep open plants on standby against a fee, to offer a secure supply at times that renewable energy cannot be produced.

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