Well, it became rather unaffordable years ago, especially in the winter, when German citizens started purchasing wood pellets imported from the U.S. and Brazil for heating and cooking, like they did hundreds of years ago. Now it is how this “green” energy is financed
Germany’s Green Power Finance Is Becoming Unaffordable
The German program that’s spurred the nation’s switch to green power is buckling under the weight of surging costs and needs an urgent fix.
That’s the assessment of one of the scheme’s chief designers, Hans Josef Fell. Designed in 2000 to enable Germany to meet United Nations pledges on climate change, it has pushed renewable energy to make up over 50% of the nation’s energy capacity.
Yet the system’s increasing costs have become glaring in the during the coronavirus pandemic, the veteran Green Party lawmaker said. High and guaranteed payments made to investors in clean power plants are the problem Fell said in an interview.
German power consumers have to contribute to help finance the payments through a surcharge in their monthly electricity bills, and a quirk of how they’re calculated threatens to send the program’s costs skyrocketing, he said.
On one hand, you can see how consumers are going to get boned above the already boned level of energy cost they’re paying now, which leads to an increase in the cost of living. On the other, German citizens keep voting for the people who enact these Hotcoldwetdry policies, so, they’re getting what they voted for. Will they eventually get to the point of the French citizens and their yellow vest protests/riots? Of course, they haven’t voted out their Warmist nutters yet, so, I have little sympathy for them.
Power consumers make up the difference between payments made to investors and the wholesale power price. That causes the green surcharge to rise when wholesale prices fall, and they’ve dropped 20% since January as coronavirus lockdowns hit power demand.
A guaranteed price for shoddy, already expensive, unreliable power.
