For Germany, it all adds up to a disaster in the making and an explosion of electricity prices per kWh, at least 40% or more
High German Electricity Rates Coming to the USA?Based on this alarmist erroneous information, most countries have made and are making fundamental changes to the way they live and do business. Germany was one of the first European countries to jump on the wind and solar renewable energy bandwagon, abandoning nuclear power generation after the Fukushima disaster in Japan. Consequently, according to Spiegel Online International, Germans were forced to pay the highest electricity rates in Europe. “Germany’s energy poverty” hit the underprivileged the hardest when “electricity became a luxury good.” Welfare and pension checks were not adjusted to accommodate for higher prices. Over 300,000 Germans a year have their electricity cut off because they cannot afford to pay their electric bills. “Two-thirds of the price increase is due to new government fees, surcharges and taxes.”
The renewable energy is generating so many tax surcharges, Germans can no longer keep up – there is a surcharge to finance the power grids, and collateral damage charges from energy surplus or deficit, depending on the weather and the time of the day.