Who is going to worry about global warming when you can't afford...

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    Who is going to worry about global warming when you can't afford to pay for aircon, or even pay to cool your food in a fridge because the power cost is too high?
    Germany is now paying 30.85 Euro/kWh or AUD$0.50/kWh. Would you climate change extremists  like to pay 50 c/kWh for your power?

    More pain for consumers. Electricity prices in Germany climb to a new high, reaching 30.85 cents (euro) per kilowatt hour. Experts warn transition to green energies may lead to shortages, higher prices.
    German online national daily Die Welt here reports on how electricity prices in the country have reached “a new high” and that natural gas prices are high as well.
    The German national news daily writes: “Electricity has never been as expensive for private households in Germany as it is this year.”
    “Prices have risen to a new high,” Die Welt reports, citing the latest data from German Federal Network Agency.
    For the first time, electricity prices for consumers reached 30 cents (euro) per kilowatt-hour, making German electric prices among the highest in the world.
    Citing data from the Federal Network Agency, the average price soared to 30.85 cents (euro) per kilowatt hour, which works out to be an increase of almost 3.3 percent compared to just a year earlier. Last year the average price for one kilowatt hour was 29.88 cents.
    According to Die Welt: “The Federal Network Agency evaluates the data of well over 1000 electricity suppliers.”
    Why is electricity so expensive in Germany?
    The Federal Network Agency puts the blame on the electricity wholesalers who, according to Die Welt, “pass on increases to the electricity exchange”.
    And an end in the rising price spiral remains elusive, experts warn.
    “Wholesale prices for electricity could continue to rise,” Die Welt reports. Large power producers such as RWE, warn that future plant closures due to the transition to green energies and the phasing out of the country’s nuclear power plants will “lead to a shortage”.
    Citing data from the Federal Network Agency, the average price soared to 30.85 cents (euro) per kilowatt hour, which works out to be an increase of almost 3.3 percent compared to just a year earlier. Last year the average price for one kilowatt hour was 29.88 cents.
 
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