There's an excellent reading piece over at Focus today, which I'd strongly recommend. The hype? Well....some folks have analyzed the energy business, nuke-plant shutdowns coming, the renewable energy plans, and finally said that as the nuke-plants shutdown in 2022....there's not adequate energy produced in Germany to make up for the loss.
Germany will consume more power, than it can make.
There was a trend-line existing back in the 2015-to-2017 era, which showed wind-generated energy going up. The government went and halted a tax-credit deal at the time, and that trend-line...stalled in 2018 (it's mostly flat for new generators being installed today).
So what'll happen? It's best not to bring this up with German associates or friends....but their power bill is going to increase. As they talk to the French, Poles or whoever....the cost will go up as their 'dirty-energy' is sold to the Germans....which make the environmental folks real happy.
Is any of this really a shock? No. You could find various people talking about this three years ago, and the government just stood there (like a deer in the headlights moment). My best guess is that the new government that follows after Merkel.....will hold a meeting and discuss an emergency situation. My humble guess....they will try to convince the nuke-plant operators to continue for two additional years, and the business folks will say 'fine' but ask for a fee-deal (probably over half-a-billion Euro) for this service charge. Meanwhile, the politicians will then go and create a new tax credit for the wind-generator folks....giving them at least a billion Euro in credit over 2022 and 2023....to pump up new installations.
Germans can be bitter about this whole incompetence game and poor judgement calls.....but they kept getting hyped-up and worried over coal-energy and nuke-energy.
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