EPA And The Electricity Cost Crisis

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From the MANHATTAN CONTRARIAN

Francis Menton via https://wattsupwiththat.com/

Over in Europe, the energy cost crisis, particularly as to electricity, proceeds apace.

Germany, deep into its Energiewende (energy transition) that began in 2010, leads the way. Almost all coal and nuclear power plants have been closed in favor of a massive building plan for wind and solar facilities. After a decade of that, for the past couple of years, Germans have suffered consumer retail electricity prices of over 30 euro cents per kWh — close to triple average U.S. consumer rates. On November 25, a German news source called The Local (behind pay wall) quoted an energy market expert named Mirko Scholssarczyk for the proposition that “40 cents per kilowatt-hour was likely to be the new normal in 2023 and 2024, and that prices could even rise to 50 cents per kilowatt-hour after that.”

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