German energy prices are so high they're driving companies to relocate, industry body says (www.cnbc.com)

submitted 2 years ago by llama@midwest.social to c/news@beehaw.org

7 comments fedilink hide all child comments

all 8 comments

sorted by: hot top controversial new old

[-] mate_classic@feddit.de 13 points 2 years ago

Says the highest industry lobbyist of the country. I don't by it.

[-] kresten@feddit.dk 6 points 2 years ago

As to be expected. By political initiative, they shut down their nuclear power a while back

[-] agarorn@feddit.de 7 points 2 years ago

Nuclear had nearly no effect on the energy prices in germany. Here is an overview: https://www.zeit.de/wirtschaft/energiemonitor-deutschland-gaspreis-spritpreis-energieversorgung?utm_referrer=https%3A%2F%2Fduckduckgo.com%2F

Consumer prices are gradually decreasing since the turn off on April 15, the stock price was lower for a while and now rose because of gas. This is the main driving factor.

[-] stu@lemmy.pit.ninja 3 points 2 years ago

I remember reading they were shutting down nuclear power nationwide however many years ago and thinking that was a big mistake. Yes nuclear currently produces a lot of waste material that we have to store, but it's still one of the cleanest and safest energy sources we have as a species.

[-] kresten@feddit.dk 1 points 2 years ago

An immediate google search says that the US generates 4 cubic metres of waste annually. It's not even that much 🤷

[-] stu@lemmy.pit.ninja 3 points 2 years ago

True, though the amount produced is less of a concern than the amount of space and storage requirements necessary to make sure we don't accidentally irradiate things we care about.

[-] agarorn@feddit.de 3 points 2 years ago

Unfortunately no numbers or sources in the article. Here is at least a source for private energy, you can see that it is close to EU average. https://ec.europa.eu/eurostat/statistics-explained/index.php?title=File:Electricity_prices_for_household_consumers,_second_half_2022_v5.png

this post was submitted on 22 Jun 2023

14 points (100.0% liked)

World News

23039 readers

5 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago

MODERATORS