Friday, 3 January 2014

Poor people are hard hit by Germany's disastrous energy transition policy

Poor people are hardest hit by the continually rising energy costs in Germany - a consequence of Angela Merkel's disastrous energy transition policy. The renewable energy reallocation charge went on January 1 up from 5.3 to 6.2 cents per kilowatt hour. The price of electricity has since 2005 increased with 44%. Gas prices have gone up with  31% and distant heating prices with 45% during the same period.

Germany's poor are increasingly unable to pay for their energy, which is why in 2012 over 322000 households were cut off from the electricity supply, as they could not pay their bills. Last year the number is likely to have been much larger.

All this misery in order to finance an absurd energy transition policy, which has not even led to a decrease in CO2 emissions. On the contrary, in 2013 German power plants emitted more greenhouse gases than the year before.

No wonder that Merkel's new government is trying to sort out the mess. But, whether it will succeed is more than doubtful (unless they decide to scrap the entire energy transition policy - which is highly unlikely).

And as to the hitherto so strong German economy in general, it does not look very promising either:

The UK will be in a position to overtake Germany as Europe's largest economy, according to the think tank the Centre for Economic and Business Research (CEBR).

The CEBR predicts that Germany will lose its current top spot in Europe by 2030.

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