The Netherlands’ green energy transition is leading to electricity and gas prices almost doubling.
Consumers and industry will soon pay 92 percent more for electricity and gas, according to a PwC study commissioned by the newspaper de Volkskrant.
The Netherlands’ total spending on gas and electricity will reach €43 billion in 2030, up from just €22 billion in 2020. [emphasis, links added]
By 2040, it is predicted to reach €56 billion.
The costs for the green transition “are high and it will take decades. Politicians could be a bit clearer about that”, says Paul Nillesen, energy specialist at PwC.
Politicians too often paint a rosy picture about the costs, he says.
The energy transition “is necessary and offers opportunities, but we didn’t just do this overnight”, he adds.
Electricity costs are mainly responsible for the spike in costs.
Even with solar and wind electricity production, large amounts of electricity are produced using gas, which is growing in cost.
Green hydrogen, which some power plants are planning to begin using, is particularly scarce and expensive.
With wind and solar limited by nature, gas power plants need to continue operating as a permanent backup.
Transmission prices are rising also, as the Netherlands upgrades its power infrastructure to respond to rising demand.
Grid operators are investing billions of euros in new infrastructure, while also building offshore wind farms.
If higher energy bills will fund these increased costs, it will significantly impact the poor, says Nillesen.
That would also likely lead to a drop in support for the green transition.
There are suggestions already it could be time to slow down the transition, he says, because “the really challenging part is yet to come. We’re only facing a wind force of three now as we cycle against it”.
Read rest at Brussels Signal
GIVING THE WORLD CHEAP ABUNDANT ENERGY IS LIKE GIVING A IDIOT CHILD A MACHINEGUN, Doom and Gloom pinhead of Over Populationist Screwball Paul Ehrlich
There have been those commenting on this website insisting the renewable energy is cheaper than coal. The near doubling of the cost of Dutch energy proves other wise. I’m sure the climateers would say it was justified. However, if put to a populate vote it is very unlikely the Netherlands’ green energy transition would be approved by the voters. This is typical of the climate change movement every where. Force costly mandates from the top down.
Who would have thought that going green would cost so much for all that “free” energy? Actually, anybody who actually studied the costs of wind and solar power would have known that. But politicians refuse to actually ask such questions.
It makes no sense, unless the green profiteers are generous to the green politicians.
Go Green Go Boke paying for all that so called Cheap Green Energy