Friday, May 29, 2015

On the 'Green energy works in Europe!' front,

the response is 'Very expensively, and not very well.'
Europe used subsidies and mandates to promote renewables. Feed-in tariffs were enacted in most nations, providing a payment to homeowners and businesses for electricity fed into the grid from solar or wind facilities. Governments paid a fixed subsidy of four to ten times the wholesale electricity price, guaranteed for up to twenty years, for generated electricity.
The results of Europe’s green energy measures have been bizarre. Feed-in tariffs in Germany stimulated more than one million rooftop solar installations. But Germany is not exactly the sun belt. The latitude of central Germany is the same as Calgary, Canada. As a result, German solar installations generate electricity at less than ten percent of rated output. Over one million solar installations provide only six percent of Germany’s electricity and one percent of the nation’s energy. For this solar miracle, German citizens are obligated to pay over $400 billion in current and future payments to solar providers through higher electricity rates.
Europe has created an energy system where everyone loses. Consumers, industry, traditional power plants, and even renewable energy companies are now losing. Even though wholesale electricity prices are falling, consumer electricity prices have doubled over the last ten years due to large subsidy payments to renewable companies. Nations with the largest percentage of renewable energy also have the highest electricity prices. Citizens of Spain pay 23 eurocents per kilowatt-hour, three times the U.S. price, and citizens of Germany and Denmark pay more than 25 eurocents per kilowatt-hour, four times the U.S. price.
And there's more.  What a bloody waste.


Anonymous said...

I've said it previously--the people pushing this "green energy" bill of goods don't want something that works. If it did work they'd turn against it.

They don't want "a cleaner world." They want humanity to go back to the caves, and then go extinct, as soon as possible.

Toastrider said...

Well, there is that. There's also the desire to skim money out of the government trough. I'm not disagreeing with you per se, but I suspect you have several motivators happy to work together.