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why is the French debt rising fast? https://www.euronews.com/business/2023/10/03/3-trillion-is-frances-debt-out-of-control https://www.euronews.com/business/20

by lispm 2y ago

why is the French debt rising fast? https://www.euronews.com/business/2023/10/03/3-trillion-is-frances-debt-out-of-control https://www.euronews.com/business/2023/10/03/3-trillion-is-f... While the Government rises subsidies to keep electricity bills down? https://www.lemonde.fr/en/energies/article/2023/04/21/france-to-continue-subsidizing-electricity-bills-until-2025_6023740_98.html https://www.lemonde.fr/en/energies/article/2023/04/21/france... "Increases in electricity bills have been less sharp in France thanks to government subsidies, at 4% in 2022 and 15% this year – at a projected cost of €45 billion in 2023."

Herz 2y ago
You mention Germany, not me. Don't add random topics if you are not able to discuss the topic you've chosen. Industries are leaving Germany because of the electricity bills you tried to defend. Nearby countries don't want to connect to Germany because of unstable electricity bills that can affect citizens (Sweeden). Stay on topic.
- lispm 2y ago
  > Nearby countries don't want to connect to Germany because of unstable electricity bills that can affect citizens (Sweeden). What are "unstable electricity bills" ? Changing market prices are the reality in many markets. The European reality is clear: more connection between local energy markets creates a larger EU market and this allows to trade electricity based on demand and supply in a very large market. Germany already exchanges electricity with Sweden via Denmark. Do you have other examples? Germany directly exchanges electricity with lots of other countries already. Renewable energy from Wind and Solar is growing in many places in Europe. That's not a special German thing, it's just that Germany started earlier. EU: https://www.eea.europa.eu/en/topics/in-depth/renewable-energy?activeTab=fa515f0c-9ab0-493c-b4cd-58a32dfaae0a https://www.eea.europa.eu/en/topics/in-depth/renewable-energ... "EU Member States need to massively ramp up their renewable power capacity in the coming years. This increase in renewables from variable sources, such as wind and solar, will also increase the need for ‘flexibility’ in the EU electricity system." "The share of renewables in Europe is expected to keep growing. However, meeting the new target of 42.5% for 2030 will demand more than doubling the rates of renewables deployment seen over the past decade, and requires a deep transformation of the European energy system." A graph of the EU development is here: https://flo.uri.sh/visualisation/16410231/embed?auto=1 https://flo.uri.sh/visualisation/16410231/embed?auto=1 Compare with Germany: https://www.cleanenergywire.org/sites/default/files/styles/paragraph_text_image/public/paragraphs/images/fig2a-gross-power-production-germany-1990-2023-source.png?itok=S9C2Bbkt https://www.cleanenergywire.org/sites/default/files/styles/p... What you think is a German problem, is a reality and a trend in Europe. A deep transition to renewable energy is also world-wide the only viable way to a cleaner electricity production. Sweden could be in a good position, since it and surrounding countries have lots of capacity for wind generated electricity and hydro based electricity generation/storage.
  - Herz 2y ago
    > What are "unstable electricity bills" ? https://www.epexspot.com/en/market-data?market_area=DE-LU&auction=MRC&trading_date=2024-06-25&delivery_date=2024-06-26&underlying_year=&modality=Auction&sub_modality=DayAhead&technology=&data_mode=table&period=&production_period= https://www.epexspot.com/en/market-data?market_area=DE-LU&au... Today Germany a peak of 2300€/MWh at 6-7, and a negative of -0.05€ at 12-13. > Changing market prices are the reality in many markets. For a market to be competitive, it must also be predictable. If energy costs vary drastically—€1000/MWh one day and €0 the next—it poses a severe challenge for companies. Such unpredictability discourages investment and may cause industries to relocate. Imagine an energy-intensive company unable to operate profitably due to volatile energy prices. Paid employees ready to work might have to wait because high energy costs could lead to financial losses. > The European reality is clear: more connection between local energy markets creates a larger EU market and this allows to trade electricity based on demand and supply in a very large market. However, this interconnectedness does not solve the problem. If Germany's electricity prices soar, they might rely on cheaper Swedish electricity, potentially saturating Sweden's supply and raising costs for Swedes. This scenario recently played out, prompting the Swedish government to halt plans for a new power cable to Germany. Which is exactly what happened: https://www.reuters.com/business/energy/swedish-government-says-no-new-power-cable-germany-2024-06-14/ https://www.reuters.com/business/energy/swedish-government-s... The consequences are counterproductive. Germany's unstable energy market negatively impacts its citizens and neighboring countries. Rather than increased connectivity, the opposite approach might be more beneficial. > "EU Member States need to massively ramp up their renewable power capacity in the coming years. This increase in renewables from variable sources, such as wind and solar, will also increase the need for ‘flexibility’ in the EU electricity system." These issues have persisted in Germany for a decade and continue to worsen. The need for "flexibility" in the EU electricity system seems more like wishful thinking than a practical solution. > Renewable energy from Wind and Solar is growing in many places in Europe. That's not a special German thing, it's just that Germany started earlier. This point seems unrelated to the discussion at hand. Are you being paid to promote renewables? Many parts of your argument sound like poorly crafted commercials. > What you think is a German problem, is a reality and a trend in Europe. Yes, it's a problem closely linked to renewables, and other countries are following suit. > A deep transition to renewable energy is also world-wide the only viable way to a cleaner electricity production. While the transition to renewable energy is essential, it is not without its challenges. Recognizing the limitations of renewables is crucial for anyone genuinely committed to this goal. > Sweden could be in a good position, since it and surrounding countries have lots of capacity for wind generated electricity and hydro based electricity generation/storage. The article is clear. Sweden's Energy Minister Ebba Busch stated, "We can't connect southern Sweden, which has a large deficit in electricity production, with Germany, where the electricity market today does not function efficiently. That would risk leading to higher prices and a more unstable electricity market in Sweden."

by lispm 2y ago

Herz 2y ago

You mention Germany, not me. Don't add random topics if you are not able to discuss the topic you've chosen. Industries are leaving Germany because of the electricity bills you tried to defend. Nearby countries don't want to connect to Germany because of unstable electricity bills that can affect citizens (Sweeden). Stay on topic.

lispm 2y ago
> Nearby countries don't want to connect to Germany because of unstable electricity bills that can affect citizens (Sweeden). What are "unstable electricity bills" ? Changing market prices are the reality in many markets. The European reality is clear: more connection between local energy markets creates a larger EU market and this allows to trade electricity based on demand and supply in a very large market. Germany already exchanges electricity with Sweden via Denmark. Do you have other examples? Germany directly exchanges electricity with lots of other countries already. Renewable energy from Wind and Solar is growing in many places in Europe. That's not a special German thing, it's just that Germany started earlier. EU: https://www.eea.europa.eu/en/topics/in-depth/renewable-energy?activeTab=fa515f0c-9ab0-493c-b4cd-58a32dfaae0a https://www.eea.europa.eu/en/topics/in-depth/renewable-energ... "EU Member States need to massively ramp up their renewable power capacity in the coming years. This increase in renewables from variable sources, such as wind and solar, will also increase the need for ‘flexibility’ in the EU electricity system." "The share of renewables in Europe is expected to keep growing. However, meeting the new target of 42.5% for 2030 will demand more than doubling the rates of renewables deployment seen over the past decade, and requires a deep transformation of the European energy system." A graph of the EU development is here: https://flo.uri.sh/visualisation/16410231/embed?auto=1 https://flo.uri.sh/visualisation/16410231/embed?auto=1 Compare with Germany: https://www.cleanenergywire.org/sites/default/files/styles/paragraph_text_image/public/paragraphs/images/fig2a-gross-power-production-germany-1990-2023-source.png?itok=S9C2Bbkt https://www.cleanenergywire.org/sites/default/files/styles/p... What you think is a German problem, is a reality and a trend in Europe. A deep transition to renewable energy is also world-wide the only viable way to a cleaner electricity production. Sweden could be in a good position, since it and surrounding countries have lots of capacity for wind generated electricity and hydro based electricity generation/storage.
- Herz 2y ago
  > What are "unstable electricity bills" ? https://www.epexspot.com/en/market-data?market_area=DE-LU&auction=MRC&trading_date=2024-06-25&delivery_date=2024-06-26&underlying_year=&modality=Auction&sub_modality=DayAhead&technology=&data_mode=table&period=&production_period= https://www.epexspot.com/en/market-data?market_area=DE-LU&au... Today Germany a peak of 2300€/MWh at 6-7, and a negative of -0.05€ at 12-13. > Changing market prices are the reality in many markets. For a market to be competitive, it must also be predictable. If energy costs vary drastically—€1000/MWh one day and €0 the next—it poses a severe challenge for companies. Such unpredictability discourages investment and may cause industries to relocate. Imagine an energy-intensive company unable to operate profitably due to volatile energy prices. Paid employees ready to work might have to wait because high energy costs could lead to financial losses. > The European reality is clear: more connection between local energy markets creates a larger EU market and this allows to trade electricity based on demand and supply in a very large market. However, this interconnectedness does not solve the problem. If Germany's electricity prices soar, they might rely on cheaper Swedish electricity, potentially saturating Sweden's supply and raising costs for Swedes. This scenario recently played out, prompting the Swedish government to halt plans for a new power cable to Germany. Which is exactly what happened: https://www.reuters.com/business/energy/swedish-government-says-no-new-power-cable-germany-2024-06-14/ https://www.reuters.com/business/energy/swedish-government-s... The consequences are counterproductive. Germany's unstable energy market negatively impacts its citizens and neighboring countries. Rather than increased connectivity, the opposite approach might be more beneficial. > "EU Member States need to massively ramp up their renewable power capacity in the coming years. This increase in renewables from variable sources, such as wind and solar, will also increase the need for ‘flexibility’ in the EU electricity system." These issues have persisted in Germany for a decade and continue to worsen. The need for "flexibility" in the EU electricity system seems more like wishful thinking than a practical solution. > Renewable energy from Wind and Solar is growing in many places in Europe. That's not a special German thing, it's just that Germany started earlier. This point seems unrelated to the discussion at hand. Are you being paid to promote renewables? Many parts of your argument sound like poorly crafted commercials. > What you think is a German problem, is a reality and a trend in Europe. Yes, it's a problem closely linked to renewables, and other countries are following suit. > A deep transition to renewable energy is also world-wide the only viable way to a cleaner electricity production. While the transition to renewable energy is essential, it is not without its challenges. Recognizing the limitations of renewables is crucial for anyone genuinely committed to this goal. > Sweden could be in a good position, since it and surrounding countries have lots of capacity for wind generated electricity and hydro based electricity generation/storage. The article is clear. Sweden's Energy Minister Ebba Busch stated, "We can't connect southern Sweden, which has a large deficit in electricity production, with Germany, where the electricity market today does not function efficiently. That would risk leading to higher prices and a more unstable electricity market in Sweden."