Germany's electricity costs to private customers and industry are spiralling (photo: dpa)

Germany is paying the price of its energy switch to renewables

Germany’s Energiewende’ or energy transformation programme was a knee-jerk reaction by the government following Japan’s Fukushima nuclear catastrophe in 2011 to make an immediate switch away from nuclear power and transform its energy system. The dramatic change has come at a price which sees high energy prices, huge subsidies for industries using a lot of power and an impact on exports.

<i>Germany is at a crossroads. Its badly organised and mismanaged energy market and incoherent and imbalanced Energiewende strategy are causing costs to spiral for private customers and industry. It is threatening national competitiveness on global markets and placing Germany’s economy at incr...

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Dr. Frank Umbach
Germany has experienced a marked decline since 2000 in the willingness of industrial companies to invest in Germany
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