Germany on the brink of an energy crisis

After years of subsidizing green energy production, Germany may be on the brink of an imminent "energy crisis", according to German Mittelstand News. A government plan to limit greenhouse gas emissions for the country's major pollutants has been leaked to the press.

Consumer electricity bills have already reached the point where electricity in the country has been dubbed a "luxury item" in the mainstream media. And the inhabitants of this country have long been using LED lamps as an alternative means of saving energy www . In recent years, Germany has expanded the construction of coal-fired power plants. However, new coal-fired power plants in Germany could be shut down if this plan is implemented.

39 power plants across the country "could be decommissioned later this year", which "will jeopardize the security of electricity supply", creating a huge energy crisis for the country in the coming years. The proposed law would impose severe financial sanctions on old and inefficient coal facilities in the form of emissions trading.

"One in two power plants in Germany can hardly survive," reports Mittelstand News. "The willingness to invest is rapidly diminishing as even the most efficient gas-fired power plants cannot operate profitably."

The problems will worsen when Germany's last nuclear power plant is decommissioned in 2022, according to Mittelstand. Over the years, the government has subsidized solar and wind power through energy taxes, which have plagued electricity tariffs significantly.
This is why Germany's green energy revolution is costing the people of Germany dearly. Retail electricity rates have more than doubled in the last decade due to ever-increasing taxes to support clean energy use. German politicians were forced to reform the system, but it will still cost consumers more and more each year.