Quote

'In the end it's not the years in your life that count. It's the life in your years.'
- Abraham Lincoln -

Monday, October 15, 2012

Obama Knew What He Was Talking About

"Energy costs will skyrocket ..."

And so they do.

In Germany.

To pay for windmills and solar panels and other silliness:
German tax to finance renewable energy skyrockets
Associated Press

Berlin (AP) — Germany's tax on households' electricity bills to finance the expansion of renewable energies will rise almost 50 percent on the year as the country pushes ahead with phasing out nuclear power within a decade.

The country's four main grid operators say Monday that the tax will rise from €3.6 cents to €5.3 cents ($6.7 cents) per kilowatt hour starting in January. That brings the annual cost of financing Germany's energy switchover for a family of four to about €250 ($324) per year, including sales tax.

The tax is used to pay producers of solar, wind or biomass power guaranteed above-market rates to ensure their investment will be profitable.

Renewable energies currently produce a quarter of Germany's electricity but are set to account for 80 percent by 2050. [link]
Everyone in Germany will soon have 100% "green" energy. And no one in Germany will be able to afford it.

Tell me again what sense that makes?