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  • hansesteelyard hansesteelyard Sep 18, 2013 10:46 AM Flag

    Germany's War on Fossil Fuels Power update...


    relative spending on electricity from national statistical accounts

    Of total consumer expenditure:
    Germany, 2.61%
    United States, 3.06%

    The lower level of consumer expenditure on power in Germany occurs even with high taxes on power which are used to finance feed in tariffs and the construction of solar and wind generation. The higher spending in the US is in spite of low taxes and a large amount of fossil fuel use. The marginal cost of the power produced by the solar and wind facilities is close to 0 and as its total increases it lowers the industrial power rate. The fixed cost is irrelevant to the price industry pays; utilities are prohibited by law from manipulating markets to cover average costs BEFORE the renewable power supply has been sold. 2013 power rates are down 13% from 2012 levels and down 40% from 2008 levels for this reason, and will continue to fall going forward. The policy results in losses for fossil fuel power generation except for the cheapest most efficient generators. New state of the art coal power plants in places such as Hamburg and access to seaborne coal will be the fossil industry's last stand...

    Cheap industrial power provided at near 0 marginal cost with fixed costs increasingly covered by consumers will be a major competitive threat to global industrial competitors and the fossil fuel companies supplying them.

    The expansion of the economy in Germany is already sufficient to generate a 0.6% budget surplus in spite of tax cuts...

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