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Green energy to hit Germans' bills: Vattenfall

Mon, 08/27/2012 - 7:25am
Reuters

FRANKFURT (Reuters) - Germany's energy strategy will cost consumers dearly as costs for new renewable power generation units and networks must be passed on, the head of the German unit of Swedish state-owned energy group Vattenfall was quoted saying on Monday.

The comment came a day before Chancellor Angela Merkel is to meet with industry, unions and social causes lobbyists on run-away power prices, which already need reining in much more immediately.

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