German Net Instability: 60 Minute Blackout May Cost 600 Million Euro
Germans are beginning to see the reality of Angela Merkel’s hastily undertaken energy transition policy. The huge subsidies for wind and solar power have led to ever increasing utility bills both for households and businesses in Germany, and – what is really worrying – the stability of Germany’s electricity generation is at risk.
The German think tank Hamburger Weltwirtschaftsinstitut (HWWI) has now published a study, according to which the cost of even a short energy blackout – one hour – would be close to 600 million euro - no small amount, even in rich Germany.
Particularly Germany’s industrial engine in the south should be worried, according to the study:
In the light of past experiences in Germany, the scenario of a county-wide blackout underlying our analysis may seem unlikely. However, recent studies point to considerable dangers for network security resulting from the shift in German power supply towards renewable energies (Dena, 2010).