Germany On Its Way To Become The Country With The Highest Energy Prices
Germany is well on its way to become the country with the highest energy prices in Europe. The senseless energy transition policy, favoring subsidized, unreliable and ineffective wind and solar power, is making Germany dependent on expensive Russian gas, and now also overpriced Norwegian hydro power:
The North Sea cable is scheduled to boast a capacity of 1,400 megawatts – the equivalent of a larger plant. It is intended to transport Norwegian hydropower to Germany in times of low wind and solar supply. Furthermore, the country’s excess power from renewable sources is meant to be transported to Norway to be stored there in dams for later use back in Germany.