The economics of Germany’s “Energiewende” are so bizarre, that you’d think it had been put together by the GDR’s ‘brains trust’, before the Berlin Wall took its tumble in 1989.
In Germany, around €100 billion has already been burnt on renewable subsidies; currently the green energy levy costs €56 million every day. And, the level of subsidy for wind and solar sees Germans paying €20 billion a year for power that gets sold on the power exchange for around €2 billion.
Squandering €18 billion a year on power – which Germans have in abundance from meaningful sources – has them asking the fair and reasonable question: just how much power are they getting for the €billions that they’ve thrown – and continue to throw at wind and solar?
The answer is: NOT MUCH: Germans Spend 100s of…
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