German electric prices
are among the highest
in the world.
And experts warn
that the transition
to green energies
may lead to shortages,
and higher prices.
Large power producers,
such as RWE, warn that
future plant closures
due to the transition
to green energies,
and the phasing out
of the country’s
nuclear power, will
“lead to a shortages”
German online
national daily
Die Welt reports
“Prices have risen
to a new high,”
citing the
latest data
from the German
Federal Network
Agency
-- the average
price soared to
30.85 cents (euro)
per kilowatt hour,
up 3.3% year-over-year.
Last year
the average price
for one kilowatt hour
was 29.88 cents.
According to Die Welt:
“The Federal
Network Agency
evaluates the data
of well over 1,000
electricity suppliers.”
Why is electricity
so expensive
in Germany?
Die Welt
ends its article with:
“The largest block
on the electricity bill,
however, are taxes,
levies and allocations,
which account
for more than half
of the total price.”
A major
price driver
is mandatory,
very high
green energy
feed-in tariffs
that grid operators
are forced to pay.