Thursday, September 29, 2022

That Subsidy Could Have Bought An Awful Lot of New Power Plants

The Detroit News: Germany to spend billions to tackle high energy prices

Green dreams tend to end up in power supply nightmares, don't they?

Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses cope with surging energy prices, particularly for natural gas, due to the war in Ukraine.

Note this doesn't actually tackle high energy prices and does nothing to address the supply issue, it merely papers over it for consumers and has the government pay for the increase that is due to lousy planning on the German government's part when it comes to energy.  It's just a lot of spent money to kick the can down the road and not address the problem.

At approximately $4 Billion per reactor in construction costs (Nuclear power plants apparently are very expensive to build but relatively inexpensive to run), that money could have built 48 Nuclear plants and had money left over for operations of them.

Pity Germany embraced outsourcing its power generation and power supplies to a rather unreliable supplier in Russia.  

Even better, remember how they smirked and outright laughed at Trump when he noted their reliance on Russian gas was a bad idea. Who is laughing now?

1 comment:

Old NFO said...

Oh yeah, they laughed, and now they will pay the price.