Friday, September 9, 2022

The Electrical 'Brake' Chatter

 I watched a N-TV news segment this AM....explaining how the German gov't intends to prevent rising costs for electrical usage.  The deal?

The government intends to set a max limit on each Kwh.  As the operational cost exceeds that?  There will be a bucket of money (figured in the 18-billion Euro range) from a previous tax called the EEG tax.  What was EEG supposed to be for?  Well....renewable energy, and to entice operators to develop more assets in that direction.  The government has decided to use it for a different cause.

Issues?  No one says what the estimate of real cost for this winter will be for power, or how fast that 18-billion Euro will go.  

Presently, it looks like a good idea.  

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