Germany Closes the Last Nuclear Power Plants, Energy Spikes 45 percent
Insanity is shutting down your NPPs and expecting a different result (adapted from A. Einstein)
Germany, already in the midst of an energy shortfall due to the loss of natural gas supplies from Russia, has also just closed its last three operational nuclear power plants this past week, leaving the nation high and dry when it comes to easy accessible electricity. Germany has some of the highest residential electricity prices in all of Europe and they are about to explode even more in the near term.
As energy prices rose last year as a result of the Ukraine conflict, certain members of German Chancellor Olaf Scholz’s government became hesitant to close the nuclear plants as planned on December 31, 2022. Scholz agreed to a one-time extension of the deadline but insisted on the final countdown taking place on April 15.
Alongside the closure of the nuclear plants, German multinational electric utility E.ON increased its prices by as much as 45% starting June 1.
H/T: Zero Hedge
This is where I drag out our reminder of a previous post to show that ignorance isn’t restricted to Germany.
Biden Shuts Down 2 Nuclear Power Plants, 4 Hydroelectric Dams, 1 Refinery
Update: Yes the Klamath River Dams are being shut down. One of four.
After Launching Push To End Oil & Gas, Biden Blaming Oil Refineries For Not Doing “Patriotic Duty”
Shutting down oil, coal and gas? Just getting started. One refinery in the Virgin Islands, Limetree Bay Refinery. Nuclear? Turkey Point outside of Miami. Peach Bottom in Pennsylvania. Four Hydroelectric dams in Southern Oregon and Northern California – The Klamath River Dams. The indications from the agencies are they are just getting started.
Add that to Biden’s yanking 77 small refineries biofuel waivers that now put them at risk for bankruptcy.
The TVA wants to replace a coal fired plant with natural gas. That would put the federal Tennessee Valley Authority out of step with President Joe Biden’s administration goal of a carbon-pollution-free energy sector by 2035 so they say.
Finally, no one talks about the “energy credits” required that increase the cost of energy.
The best of the swamp.
Source: https://bunkerville.wordpress.com/2023/04/20/germany-closes-the-last-nuclear-power-plants-energy-spikes-45-percent/
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