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

submitted 1 year ago by llama@midwest.social to c/news@beehaw.org

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[-] mate_classic@feddit.de 13 points 1 year ago

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

[-] kresten@feddit.dk 6 points 1 year ago

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

[-] agarorn@feddit.de 7 points 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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

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