A lot of our attention has been focussed on the need for coal to exit our power systems. This is not only because of our growing recognition of the impacts of climate change, but also because of the polluting nature of the fuel. A growing number of countries are starting to signal their commitment to get rid of coal from their power systems.

In most of the cases, a coal exit will be achieved using regulation (a phase-out policy). For Germany, this will be the second time a “phase out” policy will be implemented; the first time phased out nuclear plants from the power system. Nuclear power remains highly…