Rocketing power prices were inevitable once Europe decided to put all its energy eggs in the wind power basket. Europe has squandered billions on subsidies to construct tens of thousands of turbines both onshore and off – the Germans managed to spear more than 30,000 across their homeland and are paying a hefty price.
By giving grid preference to the erratic and occasional delivery of wind and solar, the owners of reliable on-demand generators are pushed to the back of the queue, rendering many operators uneconomic, which is all part of the plan.
The Germans, however, went further by effectively banning nuclear power generation (the plan is to shut down all of their nuclear plants) and sought to shut down their coal-fired power plants too, only to restart them in a dreadful hurry when wind power output collapsed for weeks last winter.
But it’s the chaos in the power market…
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