Explainer: Why Germany’s energy market is ready for a shake up

FRANKFURT (Reuters) – Germany is home to one of the world’s most liberalised electricity sectors, which was thrown open to competition 20 years ago. Today, Europe’s largest economy is seeking to blaze a trail in renewable energy.

FILE PHOTO: A Tesla Model S electric vehicle drives along a row of occupied superchargers at Tesla’s primary vehicle factory after CEO Elon Musk announced he was defying local officials’ restrictions against the coronavirus disease (COVID-19) by reopening the plant in Fremont, California, U.S. May 12, 2020. REUTERS/Stephen Lam/File Photo

The costs of weaning the country off fossil fuels and nuclear power has financially crippled utilities at a time when deep-pocketed electric car pioneer Tesla (TSLA.O) appears to be preparing to dive in.

WHO IS ALLOWED TO GENERATE AND DISTRIBUTE ENERGY IN GERMANY?

Germany’s Bundesnetzagentur, the energy regulator, says any new player that can guarantee a stable supply of energy for

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