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German Energiewende To Cost €520 Billion By 2025 – New Study

October 10, 2016
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By Paul Homewood

 

From GWPF:

 

The total cost of Germany’s green energy transition (Energiewende) amounts to over €520 billion euros by 2025 in the electricity sector alone. This is the result of a report commissioned by the Düsseldorf Institute for Competition Economics (DICE) on behalf of the Initiative New Social Market Economy (INSM).

 

 

By far the biggest cost driver with a total of €408 billion is the levy to finance  renewable energy (EEG levy). The expansion of electricity and distribution networks totals €55.3 billion. The study is the first full-cost estimate which takes all the costs of the energy transition in the electricity sector into account. In addition to the direct costs of subsidising renewable energy, indirect expenditures such as the cost for the expansion of transmission and distribution networks were included in the calculations, as well as offshore liability expenses and network, capacity and replacement costs.
At the end of 2015, 150 billion euros had already been spent on the Energiewende, not including the cost for network expansion. The bulk of the costs (25.000 euros for a family of four) will have to be paid in coming years.

 

Full report in German here.

5 Comments leave one →
  1. CheshireRed permalink
    October 10, 2016 5:40 pm

    And what has this marvellous investment yielded? The highest electricity prices in the world, (alongside Denmark) a series of rolling brown outs, energy poverty for hundreds of thousands of German households and precisely zero carbon emissions reduction for Germany. (I think that’s correct isn’t it?) What a bargain!

  2. October 10, 2016 6:22 pm

    Did they include the cost of shutting down all their nuclear power stations by the early 2020s, regardless of age?

  3. Joe Public permalink
    October 10, 2016 6:49 pm

    Did they also include the associated costs of ensuring grid stability?

    “Especially with regard to the expansion of renewable energies …. necessary to invest in technologies to ensure the quality of supply and grid stability.” [My bold]

    If only South Australia had had the foresight. 😉

    https://www.younicos.com/europes-first-commercial-battery-power-plant-triple-capacity/

  4. October 10, 2016 9:07 pm

    Reblogged this on Climatism and commented:
    What’s another €1/2 trillion euros when you’ve already spent €1 trillion on a green centrally planned ideology, that has ironically required a massive expansion of new coal-fired power plants and mining to make that ideology work?! Insanity.

  5. Gerry, England permalink
    October 11, 2016 11:17 pm

    We can only hope that the suggested coldest winter for Europe in a century does happen and the ensuing chaos of blackouts, lost production, etc finally gets through to the politicians that they are idiots.

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