Business Daily ‘Handelsblatt’ Reports Germany Gripped By Electricity Price Shock…”Driven By CO2 Price”
Business Daily ‘Handelsblatt’ Reports Germany Gripped By Electricity Price Shock…”Driven By CO2 Price” By P Gosselin on 29. June 2021 Share this... Germany’s flagship online business daily “ Handelsblatt” here reports on the country’s “electricity price shock” as the cost of electricity “is climbing ever higher “. “Energy policymakers are sounding the alarm,” reports the Handelsblatt. In the late 1990s, German electricity prices were falling before the country passed the EEG green energy feed-in act in 2000. Since then, prices that German industry pays have almost tripled: Electricity prices for German industry on average have climbed nearly 200% since green energies were mandated. Source: BDEW For private consumers, the prices are about double that paid by industry. So high electricity prices have risen, that now experts are warning of dire consequences. Driven by CO2 price “On the futures market of the EEX energy exchange, a megawatt hour ...