German Electricity Price Projected To Quadruple By 2020, To Over 40 Cents Per Kilowatt-Hour!

Once ballyhooed as a cheap source of energy (“The sun doesn’t send an electric bill”), Germany’s attempted transition to wind and solar energy is rapidly heading towards a full-blown central planning folly of historic dimensions.

The German electricity consumer advocacy group NAEB projects that Germany’s electric power rates will continue to soar, possibly reaching an industry back-breaking 45 euro cents per kilowatt-hour by 2020, and even higher over the years that follow.

NAEB power price projections for 2020. Note that the horizontal scale changes at the year 2010 in order to condense the chart. The upper curve shows German electricity prices in euro-cents per kilowatt-hour, the middle curve shows the price for France and the lower curve for the USA. Source: NAEB.

Currently German power costs about 30 euro-cents per kilowatt-hour, and so are among the highest worldwide. The price is projected to soar another 50% rise to 45 cents by 2020. That would make German power 4 times more expensive than US power, and more than double that of France. This poses a real threat to German economic competitiveness.

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Comments (4)

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    G

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    The big question is how long will the informed and practical German people tolerate this kind of manipulative socioeconomic nonsense? Having many German friends and after spending considerable time in their country I believe that the average citizen is well informed and quickly reaching a breaking point with globalists demanding their blind support and funding. Germany is the main engine of continental European economics and global socialists only see it as their personal cash cow and experimental “green” laboratory.

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      David Lewis

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      Unfortunately there is a consistent record in many nations and states of the people continuing to vote for representatives who implement policies that the majority of the voters oppose.

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    Sonnyhill

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    The true cost of climate socialism has arrived on people’s doorstep. It hurts low income people the hardest. Aren’t these the people Socialists purport to help?

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    Amber

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    Just like other parts of Europe the globalist pipe dream is about to be over . Germany’s
    self distraction through completely absurd energy policies will set back it’s citizens decades as the poorest get hammered and industry flees . You can’t eat failed solar panels . Why would you keep a plant in Germany where a third of the population wants to run industry off , and the government is happy to change more than double for the cost of energy than is necessary. Move to Trumpland . Wake up Germany you are way smarter than this .

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