Why the Wind Countries of Denmark and Germany Have Such High Electricity Prices?

by Rudy P. SysAdmin at howtofindthemoney
Renewable energy zealots keep telling us that wind and solar are free and getting cheaper all the time. Germany puts paid to that lie: Renewable Energy Transition: Wind & Solar Obsession Leaves Germans Suffering the World’s Highest Power Prices

And, with a looming capacity crunch, Germans will be lucky to have power at all, at any price.

Adding insult to injury, German power prices have surged (again) and, in the midst of another bitter winter, Germans can expect more blackouts and load shedding as their grid groans under the burden of its suicidal attempt to run on chaotically intermittent wind and solar.

More Hardship For German Consumers, Poor…Power Companies Announce More Rate Hikes Averaging 8.1%!

Leading dailies in Germany are reporting today that power companies across the country will be hiking electricity prices once again in the February to April period, affecting millions of households.

This comes at the heels of a January price hike.

“The wave of electricity price increases in Germany is not abating. According to figures from the comparison and brokerage portal Verivox, 86 utilities have announced average price increases of 8.1 percent for the months February to April,” writes Germany’s flagship Frankfurter Allgemeine Zeitung (FAZ) here. “For a family with an annual consumption of 4000 kilowatt hours, this would mean additional costs of around 100 euros per year.”

Already in January, “543 basic utilities had already increased their electricity prices”, according to the FAZ. “The average increase was 5.4 percent.”

The price hikes come just as Germany’s electricity rates have become among the world’s highest. Annually tens of thousands of German households see their power cut off because they are unable to pay their bills.

A large portion of the rate hike is due to the feed-in tariffs for green energies such as wind and sun.

About Rudy P. Magnate II   SysAdmin at howtofindthemoney

3,847 connections, 55 recommendations, 12,788 honor points.
Joined APSense since, April 9th, 2013, From Solo, Indonesia.

Created on Feb 14th 2020 15:40. Viewed 152 times.


No comment, be the first to comment.
Please sign in before you comment.