￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼￼Gas plants never recovered their full costs; from 2011/2012 failed to cover depreciation then O&M…but new coal plants not earning a return on capital whilst old plants covering fixed costs
1. What is the position of the German utilities?
2. What has brought them there?
3. What changes are underway in Berlin?
4. What will be the utilities’ role in the future?
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