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Damned duopoly

Economist - RWE and E.ON, the other German power giant, are treading on eggshells these days. Their duopoly over electricity generation and distribution in Germany is under attack from almost every quarter: the European Commission, the Federal Cartel Office, the Federal Network Agency and, of course, consumers. People are livid that the two giants recently announced price rises of 7-10% for next year, despite record profits in the first three quarters and windfall gains from CO2 emission certificates that they were given free.

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