Americans should watch what is happening in Germany regarding the electricity rate base and in other parts of Europe, such as Spain, in their march to build renewable power
Germany’s Energy Policy: Man-Made Crisis Now Costing Billions
The German people are “up in arms” about energy. Yes, energy—the commodity that affects us every day—our clothes, our food, our entertainment, our transportation, and even our medical treatments. For Germans, electricity prices are soaring as a result of phasing out nuclear power and mandating renewable energy. Consumers in Germany are facing the biggest electricity price increase in a decade and those price increases will continue. It is estimated that by 2030, Germany will have spent more than 300 billion Euros on green electricity. And consumer groups are complaining that about 800,000 German households can no longer pay for their energy bills.
