German Electric Bills Soar on Renewables
Germany appears to be hitting a wall in its quest to replace nuclear with renewable energy. After two years of effort, the surcharge authorized by the Renewble Energy Act is starting to kick in and the results aren’t pretty. The charge jumped to 184 euros per year to the average household this year and could hit 220 euros in 2014. This year the overall electric bill took a big jump to go over 1000 euros for the first time. Altogether, electric bills have climbed 68 percent over the last decade.
Says an article this week in Der Spiegel: “Electricity is becoming a luxury good in Germany. In the near future, an average three-person household will spend about 90 euros a month for electricity, or $119.”