Comment by European Commission President Ursula von der Leyen today:
"The skyrocketing electricity prices are now exposing, for different reasons, the limitations of our current electricity market design. It was developed under completely different circumstances and for completely different purposes. It is no longer fit for purpose."And now?
The German strategy for forty-odd years....was to inch along to 'clean' energy....not cheap or reliable energy.
At this point? By spring of 2023, it won't surprise me the yearly electrical bill comes up and it's in the 2,500 Euro range.
If von der Leyen is correct....the plan is no longer fit for purpose....then what is the next strategy?
You can't talk coal or nuclear....nor can you bring up Russian natural gas anymore.
It's hard to imagine this solution being done without massive regulation....doubling of taxation, and some giant solar panel/wind-power mandate.
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