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    German support for nuclear energy was very strong in the 1970s following the oil price shock of 1974, and as in France, there was a perception of vulnerability regarding energy supplies.

    However, this policy faltered after the Chernobyl accident in 1986, and the last new nuclear power plant was commissioned in 1989.

    As a result, these two parties agreed to change the law to phase out of nuclear power.

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    In June 2000 a compromise was announced which saved face for the government and secured the uninterrupted operation of the nuclear plants for many years ahead.While these policies have created an impressive roll-out of renewable energy resources, they have also clearly generated disequilibrium in the power markets, resulting in significant increases in energy prices to most users, as well as value destruction for all stakeholders: consumers, renewable companies, electric utilities, financial institutions, and investors.” This is the introductory paragraph in a July 2014 report by Finadvice for the Edison Electric Institute and European clients. In a 28 November 2015 Special Report , having pointed out that French households pay about half as much as German ones for electricity, commented: “Germany has made unusually big mistakes.Handing out enormous long-term subsidies to solar farms was unwise; abolishing nuclear power so quickly is crazy. The price of globally traded hard coal has dropped in the past few years, partly because shale-gas-rich America is exporting so much.Many of the units are large (they totalled 20,339 MWe), and the last came into commercial operation in 1989.Six units are boiling water reactors (BWR), 11 are pressurised water reactors (PWR). A further PWR had not operated since 1988 because of a licensing dispute.

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