German Of The Day: Fiasko

That means fiasco. You know, like the state-ordained Energiewende?

Wind

Berlin likes to think of itself as a green-energy example to the rest of the world. It sure is.

It makes you wonder if there’s any form of energy-price signal that governments won’t ignore. Germany’s 16-year-old Energiewende, or energy transformation, already has wrecked the country’s energy market in its quest to wean the economy off fossil fuels and nuclear power. Traditional power plants, including those that burn cleaner gas, have been closing left and right while soaring electricity prices push industries overseas and bankrupt households. Job losses run to the tens of thousands.

But now Berlin is going to fix all of this – again.

Derzeit gehe der Ausbau zu schnell und werde zu erheblichen Mehrkosten bei der Umlage zur Ökostrom-Förderung führen.

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