Former German Chancellor Warns Green Energy Costs May Trigger Revolt

  • Date: 02/02/14
  • P Gosselin, No Tricks Zone

The support for renewable energy through the electricity price will lead consumers, especially the ones near the bottom of the income scale, to eventually revolt and say: ‘We can’t afford this any more.’ – Gerhard Schröder, former German Chancellor.

Thanks to Germany’s infamous EEG energy feed-in act, electricity prices for consumers and industry have long been rising sharply, and now there’s a looming threat of a revolt.

 

Today the online business magazine Unternehmen Heute quotes former German Chancellor Gerhard Schroder’s soon-to-be-published book, which warns of a revolt by consumers and industry…. Unternehmen Heute writes:

Electricity must remain affordable, Bild newspaper (Saturday edition) quotes Schröder’s book ‘Clear Words’, which will appear in mid February.

The support for renewable energy through the electricity price will lead consumers, especially the ones near the bottom of the income scale, to eventually revolt and say: We can’t afford this any more.”

Schröder adds that eventually renewable energies will soon ”have to compete on the market by themselves. They should not be permanently subsidized.”

The former Chancellor also thinks that Germany will not shut down its remaining nuclear power plants by the year 2022, as planned.

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