Germany and ‘renewables’ not a good match

Germany and ‘renewables’ not a good match

Citing a recent estimate from a leading German economic think tank, the business daily Handelsblatt reported Monday that annual costs of 28 billion euros per year were being handed down to German consumers for the Energiewende.

That means an average household, or one that consumes some 3,500 kilowatt hours in a year, pays about 270 euros annually for Germany’s pivot toward green energy.

“The energy transition began with the assumptions that energy costs in this country would remain manageable and remain internationally competitive. Neither have materialized,” Barbara Minderjahn, the chief of Germany’s Association of the Energy and Power Industry (VIK), told Handelsblatt.

Source

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