Merkel backs plans to stem energy cost rises

Published January 22, 2014 1:38pm ET



BERLIN (AP) — Chancellor Angela Merkel is backing plans to stem the rising costs of Germany’s transition to renewable energy as her new government meets to launch its legislative agenda.

Merkel decided in 2011 to accelerate Germany’s exit from nuclear power, but its transition to renewable energy sources has caused some problems. Subsidies are increasing consumers’ bills and the European Commission is investigating whether companies are given unfair discounts on those subsidies.

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