German Energiewende To Cost €520 Billion By 2025, New Study Initiative
Neue Soziale Marktwirtschaft, 10 October 2016
The total cost of Germany’s green energy transition
(Energiewende) amounts to over €520 billion euros by 2025 in the electricity
sector alone. This is the result of a report commissioned by the Düsseldorf
Institute for Competition Economics (DICE) on behalf of the Initiative New Social
Market Economy (INSM)....
By far the biggest cost driver with a total of €408
billion is the levy to finance renewable energy (EEG levy). The expansion of
electricity and distribution networks totals €55.3 billion. The study is the
first full-cost estimate which takes all the costs of the energy transition in
the electricity sector into account. In addition to the direct costs of
subsidising renewable energy, indirect expenditures such as the cost for the
expansion of transmission and distribution networks were included in the
calculations, as well as offshore liability expenses and network, capacity and
replacement costs.
At the end of 2015, 150 billion euros had already been
spent on the Energiewende, not including the cost for network expansion. The
bulk of the costs (25.000 euros for a family of four) will have to be paid in
coming years." -- Translation by The Global Warming Policy Foundation, UK
And aside from expensive, unstable electricity from
renewables like wind and solar, they devour the natural beauty of the
countryside. Many German environmentalists are now turning 180 deg, from
support to attack.
Vahrenholt writes
that already today Germany has the second highest electricity price (after
Denmark) in Europe and that the so-called renewable energy feed-in tariff will
rise from 6.35 €ct/kwh today “to an astounding 7.3 €ct/kwh in 2017“. Germany’s
green energy feed-in act generates an additional cost to consumers of some 25
billion euros annually, paid by citizens via their power bill. This represents
“a social transfer from bottom to top of immense dimensions“. http://notrickszone.com/.../power-expert-says-germany.../
"often wind
parks are approved by politician’s who have a direct interest and business
dealings in them, meaning the industry is rampant crony capitalism – the very
kind that Germans are typically famous for opposing. For example Rannungen
mayor Fridolin Zehner had a wind turbine built where none is supposed to be
built – on his own land – thus allowing the honorable mayor to cash in on
lucrative leasing fees – to the tune of 10,000 euros annually." http://notrickszone.com/.../germans-media-sobers-up-to.../
"The Institute for Competition Economics at the
University of Dusseldorf has calculated the total cost of Germany’s Green
Energy Transition. The result: By 2025, an estimated €520 billion euros will be
spent. A family of four will pay more than 25,000 euros for the Energiewende.
Seldom was a German environment minister more ridiculed
and mocked than Peter Altmaier (CDU): Three years ago, the current Chancellery
Minister warned that the cost of the Energiewende could, if nothing were done,
“cost the country around one trillion euros by the 2030.”
Major magazines and weekly newspapers from
Wirtschaftswoche to Die Zeit immediately snapped that the environment minister
must have got it wrong. “Don’t scare the living daylights out of people with
horror figures,” Baden-Württemberg’s Prime Minister and Green Party star
Winfried Kretschmann demanded." http://www.thegwpf.com/germanys-renewable-energy-cost.../
---------------See also:
Energy 76, PEMC reply to my article on AEMO, WESM, September 11, 2016
Energy 77, South Australia's blackout last September 28, October 08, 2016
Energy 78, AEMO on the S. Australia blackout last Sept. 28, October 13, 2016
No comments:
Post a Comment