According to the Institute of German Business (IW) the cost of Germany’s once highly touted “Energiewende” (transition to green energy) will soar to a whopping €31 billion ($35 billion) in 2016 alone, thus further burdening the already ailing German consumer.
That’s a huge sum of money for the country of 80 million citizens. So, for all that money, are they now getting more beautiful weather and great results cutting back “climate-harmful” CO2 emissions? You’d certainly hope so. Sadly, the answer is s big fat “NEIN”.
Nothing in return for the money
In fact Germany’s CO2 emissions have not dropped at all over the past 7 years, and even went up a percentage point last year. Moreover, weather conditions continue today as they always have: typically rainy, cool, gray, windy and raw. For the roughly €1200 or so per year the average household has to fork out each year, it all sounds like an awfully raw deal (unless you happen to be one of the lucky few making money hand over fist in the scam). And that €1200 figure is only going to go up rapidly in the years ahead.
The www.finanznachrichten.de writes that the 2016 figure is about 3 billion (11%) more than a year earlier (2015). That’s unsustainable burden growth.
“Grid stabilization” adding to the costs
One reason for the ever increasing costs, the site writes, is the “costs for power grid stabilization“. As more highly fluctuating, weather-dependent power comes online, the costlier the grid stabilization measures become. What was once a highly stable energy supply system requiring intervention only a dozen times per year, now requires tens of thousands of interventions by the grid operators each year.
Often times wind and solar parks are forced to be taken offline to prevent the grid from getting toasted by power surges from wind gusts and sun bursts. In such cases, the wind and sun park operators are paid whether they produce or not. Last year consumers were saddled with over half a billion euros from such “unproduced energy” costs. The Energiewende is morphing into a central planning folly of the scale matched only by the Venezuelan Chavez communists.
30% higher electric bills by 2030
Another reason cited for the exploding costs is the continued new installation of wind and sun energy generation systems. Thus it is little wonder that that leading German politicians, such as Michael Fuchs, are getting antsy and calling a stop of the construction of new wind parks for which there are no power transmission lines. If this is not done, Fuchs says, German households face 30% higher electric bills already by 2020.
Just a matter of time before the fuses start blowing.