Power Grab: EU Strengthens Grip on Electricity Market
Hungary was the only country to abstain on the proposal.
Hungary was the only country to abstain on the proposal.
The EU is installing solar panels faster than expected, but the market is collapsing.
Elements in the ruling German coalition hesitate to back a ban, while consensus in the EU on the Green Transition begins to fall apart.
The head of the German Civil Protection Office said he expects blackouts this winter from January onwards. But the president of the Federal Network Agency sees “no need to panic,” as these blackouts “should most of the time” be controlled and limited.
According to NRK, the agreement between the center-left government and the socialist party will pay out a total of 1.2 billion Norwegian kronas (€115 million) in electric-bill support “to the most vulnerable groups in society.”
A leaked draft EU law envisioning a mandatory 5% cut in electricity use during peak price hours proved controversial.
In the past year, alone, energy prices in France and Germany have increased by more than 1000%.
Germany’s disaster management officials examined what a major disruption of natural gas supply would entail and the results are chilling.
Even before the completion of the Nord Stream 2 pipeline, German energy prices have gone through the roof due to the uncompromising switch to renewable energies. Combined with the looming threat of inflation, prices for energy imports have increased at a rate unseen since the 1970s.
While the German government continues its move towards renewable energies, a recent report shows that the danger of a large-scale blackout is not only greater than ever, but that the German public is completely unprepared to deal with such a scenario.
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