Europe’s Energy Crisis: Counting the Staggering Cost of Subsidising Unreliable Wind & Solar

STOP THESE THINGS

Adding inherently unreliable and heavily subsidised wind and solar to your grid is a guarantee of rocketing power prices. Every place in the world that got serious about wind and solar is being belted with serious increases in electricity costs.

Wind and solar ‘powered’ Germany and wind ‘powered’ Denmark pay Europe’s highest power prices, by a mile, and prices in both cases are still climbing at double-digit rates.

Germany’s power market is in chaos, and its grid on the brink of total collapse.

The annual cost of the subsidies directed to wind and solar is colossal: the annual cost to British power consumers and taxpayers in the UK, alone, is in excess of £6,000,000,000.

In those European states which plugged in to wind and solar, power prices are more than 50% higher than those G20 members that didn’t.

Not that the EU boffins and bureaucrats are all that…

View original post 1,741 more words

Advertisements
This entry was posted in applied price theory by Jim Rose. Bookmark the permalink.

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.