German Of The Day: Preiserhöhung

That means price rise. For German electricity bills, in this case. Another big one on the way. Wonder why?

Energy

Keen to drastically reduce greenhouse gas emissions and transform its energy sector, German leaders adopted a vast program called Energiewende eight years ago and the country prides itself on setting the pace for change in the European Union…

But earlier this year, officials admitted the country will not hit the 2020 goal, saying it would reach 32 percent at best (40 percent was the goal).

Greenhouse gas emissions in Germany have not decreased for the last nine years and emissions from the transportation sector have not fallen since 1990. In fact, the United States has reduced carbon emissions more than Germany, in both real and nominal terms…

The growing pains have led to higher prices, largely shouldered by residential power customers.

Between 2015 and 2017, Germany inched ahead of Denmark for the highest electricity prices for household customers (35 cents per kilowatt-hour, in U.S. currency), according to the statistical office of the European Union.

Viele deutsche Haushalte müssen im kommenden Jahr deutlich mehr für Strom bezahlen. Berechnungen von Online-Vergleichsportalen zeigen, dass die Preise in der Grundversorgung um durchschnittlich vier bis fünf Prozent steigen werden.

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