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Author Topic: Germany Opens the Door to High Inflation, with an 80% Green Energy Bill Subsidy Proposal  (Read 239 times)

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Offline rangerrebew

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Germany Opens the Door to High Inflation, with an 80% Green Energy Bill Subsidy Proposal
« on: May 09, 2023, 07:20:13 am »
Germany Opens the Door to High Inflation, with an 80% Green Energy Bill Subsidy Proposal
18 hours ago Eric Worrall 55 Comments
Essay by Eric Worrall

The plan is to continue the subsidy, until investment in renewables brings energy prices down.

Germany considers electricity price cap to support industry

05/05/2023May 5, 2023

Economy Minister Robert Habeck wants to support German industry for years to come with lower electricity prices. His electricity price cap proposal is intended to ensure that energy-intensive companies remain in Germany.

Germany’s Economy Minister Robert Habeck on Friday unveiled plans to cap electricity prices for energy-intensive industries to protect the sector from sharp cost increases.

According to the plan, the upper limit of €0.06 (roughly $0.07) per kilowatt hour (KWh) should apply until 2030.

It should cover at least 80% of the electricity consumption of a clearly defined group of German companies from energy-intensive industries such as chemicals, steel and glass manufacturing.

https://wattsupwiththat.com/2023/05/08/germany-opens-the-door-to-hyperinflation-with-an-80-green-energy-bill-subsidy/
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline rangerrebew

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Re: Germany Opens the Door to High Inflation, with an 80% Green Energy Bill Subsidy Proposal
« Reply #1 on: May 09, 2023, 07:21:05 am »
With Biden, and his puppet master pulling the strings, this is sure to come to America soon. :thud:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address
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