Germany’s expensive switch to renewables
Following the decision to phase out nuclear Germans are being told that achieving 35% renewables by 2020 will only cost 1c per kilowatt hour, or the price of a latte per month. Others calculate the cost at five times that amount, or an additional cost of €175 ($250) a year, a figure confirmed by an internal estimate making the rounds at the Economics Ministry.
Electricity customers already pay more than €13 billion this year to subsidize renewable energy. PV solar receives almost half all renewable energy subsidies, even though it makes up less than one 10th of total green electricity production, or 1.9% of total production.
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