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Switching off their own nuclear power plants, replacing them with gas and coal, when gas is lacking and creating shortage of electricity, thus propelling prices
by TheLoafOfBread 4y ago
Switching off their own nuclear power plants, replacing them with gas and coal, when gas is lacking and creating shortage of electricity, thus propelling prices up.
Thing is that energy is traded in EEX (https://www.eex.com/en/ https://www.eex.com/en/) so everyone who is trading there is feeling Germany's stupid decisions. For example Sweden is not in EEX and has no problem with high energy prices.
- wewxjfq 4y agoEvery year Germany has been a net electricity exporter. If other countries buy German electricity, it means they can't produce it cheaper. You know who is paying by far the highest spot prices in Europe causing prices to go up? France.
- TheLoafOfBread 4y agoExporter with massive asterisk. They are exporting electricity during summer, when it is cheap and nobody needs it and importing it during winter when it is expensive.
- wewxjfq 4y agoGermany sees peak exports during winter months. You have no idea what you are talking about.