No account yet?
Subscription Options
Subscribe via RSS, or
 
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Login
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News
News
Stars Recent Headlines
Good News Dallas
Lifestyles
Pivot to Renewables Means Soaring Energy Bills in Germany Print E-mail
by Tom McGregor    Tue, Apr 8, 2014, 10:40 PM

President Barack Obama's global Green Energy campaign has caused electricity bills to skyrocket in Germany. The co-called Renewable Energy sources are funded by German government subsidies.

According to Reuters, "Chancellor Angela Merkel's cabinet approved on Tuesday a reform of Germany's renewable energy law designed to curb a rise in the cost of electricity in Europe's biggest economy driven by the rapid expansion of green power."

German households pay the highest electricity prices in the world and prices continue to soar.

As reported by Reuters, "Although some industrial companies will have to pay more for power in future, the sector has managed to hang on to many of the benefits it says it needs to stay competitive. Household consumers, who have among the highest electricity bills in Europe, are likely to see power bills rise at a slower pace."

Germany receives a substantial amount of its power resources from a Russian natural gas pipeline that flows through the Ukraine.

To read the entire article from Reuters, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger
password
 

busy
 
< Prev   Next >