Interference by Governments in commerce is always a disaster. What we do know is that European wind power is often given away to Scandinavian countries as soon as the wind blows. What has resulted in Germany is a perfect storm. Futures of energy are dragging along the floor due to overproduction in northern europe. Power stations will be closed early as the presumption to favour renewables renders nuclear, coal and gas uneconomic. UK should be afraid, very afraid that unless someone makes some serious decisions to restrict renewables and develop demand driven power we are going to emulate Germany. Essentially power stations operate as spinning reserve are economic suicide. UK stats suggest that The National Grid cuts back hydro to support wind protecting coal, nuclear and gas. Not what was intended but a pragmatic approach. Germany has Energiewende, a transition program to renewables. Adopted to please the Greens in the German Bundestag, it has been problematic to the Nth Degree. Offshore wind that is driven by diesel generators because the cables haven’t come onshore, industry moving overseas, aluminium smelters closing down due to power fluctuations. A groundswell of opposition to a raft of new wind farms. The list goes on.
This report is very interesting and in all honesty very far from where we believe Germany was going. We know that they have major problems but nothing on this scale. One might also point out that with energy so cheap, why are a high percentage of the UK dropping in to fuel poverty. Simple answer: renewable subsidies and carbon taxes. All of which could be axed at a stroke. It has been suggested today that UK energy demand may have dropped by 25% recently. I wonder. Read this article