Why Germany is failing in the energy transition
In the first decade of the new millennium, Germany was the great role model in the energy transition, why, on the other hand, the current EEG policy leads to disaster.
A few weeks ago, an old friend from Munich called me. He owns a house with several rental apartments and wanted to install photovoltaics. But everything was so complicated, he said, that it just didn't pay off. Excuse me? Not paying off? With the extremely high spot market prices of electricity? What could be more profitable than photovoltaics and a battery? Explicitly battery and not rip-off usury price electricity storage.
After he said he couldn't find a decent electricity dealer, I searched around, called and nothing came up. 6 cents/kWh when the sports market fluctuates between 20 and 40 cents is a cheek.
None of the Austrian electricity traders that allow simple customers to sell electricity on the spot market operate in Germany. Why? An insurmountable bulwark of bureaucracy and regulations.
Music: Andy Mangele