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Germany has some of the most expensive electricity in the world.

• Retric 3y ago
  Which largely spiked due to high fossil fuel prices. Prematurely shutting down nuclear looks like a dumb decision, but Germany has been mismanaging their electric grid for decades.
  • TheLoafOfBread 3y ago
    They had one of the most expensive electricity before the war.
    • deleted 3y ago
      [deleted]
    • Retric 3y ago
      Retail prices were very high in Germany, but wholesale prices were quite reasonable. https://www.statista.com/statistics/1267541/germany-monthly-wholesale-electricity-price/ https://www.statista.com/statistics/1267541/germany-monthly-... Part of this discrepancy was them paying off an extremely premature investment in PV solar in attempt to kick start domestic production. Back in 2009 they setup 39 euro cents/kWh feed in tariffs for solar. Those subsidies where quickly cut on new installations but as I understand it they are still paying it on those early installs. The good news is those will be expiring fairly soon and arguably those initial investments are paying dividends in current rock bottom prices for new installations.