“German officials and legislators created laws that ‘guaranteed a fixed feed-in tariff for 20 years, guaranteeing a fixed income’ for producers. Yet this guarantee was probably generated without doing a proper cost-benefit analysis. Now German taxpayers are stuck paying bills they cannot afford. Not only that, but Germany is closing coal and nuclear powered plants at an accelerated rate. And the new energy creation must be deployed via power lines that must either be built or upgraded. The result is that German consumers are facing ever higher energy bills, so much so that a rising percentage of Germans are choosing to have their power shut off rather than pay escalating fees.”
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