How much further backward do things have to get?
In the great industrial nation of Germany power companies are going broke, and 350,000 households are getting their electricity turned off each year because they can’t afford the bills. In a nation of 82 million, power companies are issuing some 6 million threats to cut electricity.
Pierre Gosselin no trickszone: Socially explosive German homes losing power
“Over the past three years it all totals to be a whopping 1.025 million households.”
“Spiegel writes that the price of electricity in Germany has doubled since 2002 in large part because of the renewable energy feed-in surcharge. Private households are the hardest hit; they have to pay some 45% more than the EU average (while German power producers get 30% less than the EU average)! The government-interfered market is grotesquely distorted.”
It is not only Germany’s power companies who are bleeding to death financially, but so are many private citizens, who are unable to pay for their power. A shocking situation in one of the world’s most technically advanced nations.