German Environmentalists get their wish. Energy prices triple.

dailybuck777

Well-Known Member
Jan 2, 2018
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Prices for natural gas, coal, oil and electricity have been rising massively since the middle of the year. The price of a kilowatt hour (kWh) of electricity has almost tripled to 13 euro cents per kWh on the Leipzig wholesale electricity exchange.and the price of natural gas has increased fivefold.
Politics in Germany are not entirely uninvolved in the development of prices. The reasons are:
– Coal power phase-out between 2017 and 2021 throughout Europe and especially in Germany
– Tripling of CO2 certificate prices since 2020 from 20 to over 60 euros per ton of CO2. This also affects gas-fired power generation
– The switch from coal-fired power to more expensive gas-fired power
– Global increase in demand for gas as a result of the post-pandemic economic recovery
– Extremely weak German wind year from January to September 2021
Although Russia has delivered exactly the volumes of gas as ordered by gas importers, obviously not enough gas has been ordered, as even Chancellor Merkel admitted." recovery https://wattsupwiththat.com/2021/10...pply-tightens-as-leaders-botch-energy-policy/

Same type of policy Biden wants to follow. Wonder if Tesla owners have priced in increases in electrical costs to the costs of their vehicles.
 

Cosmos

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May 29, 2001
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And yet Biden and 80 some members of his cabinet are in Glasgow pining in support the European Model. 'Go Woke and Go Broke' seems to be their rallying cry.
 
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