- German consumers and industry pay a hefty price for Energiewende
- Technical problems within the German power grid are piling up as the government continues its breakneck drive to change the country’s energy mix
- Parts of Germany are already oversaturated with wind turbines
- Tellingly, other states are not following the German example as they grapple for their responses to the energy and climate issue
Under its current decarbonization plan, Berlin aims ultimately to increase the share of renewables in Germany’s total energy output to 80 percent by 2050. No other country in the world is following such a radical course, which is certain to send electricity prices rocketing to levels never seen before.
Depending on the variety, renewable energy is currently two to three times as expensive to produce as energy from the conventional plants. The differential already generates an additional cost to energy buyers of some 25 billion euros annually, paid by citizens via their power bills, and by Germany’s businesses and industry.