May 17, 2016

TAX WHAT YOU DON'T WANT:

Germany Just Got Almost All of Its Power From Renewable Energy (Jessica Shankleman, May 16, 2016, Bloomberg)

Clean power supplied almost all of Germany's power demand for the first time on Sunday, marking a milestone for Chancellor Angela Merkel's "Energiewende" policy to boost renewables while phasing out nuclear and fossil fuels.
Solar and wind power peaked at 2 p.m. local time on Sunday, allowing renewables to supply 45.5 gigawatts as demand was 45.8 gigawatts, according to provisional data by Agora Energiewende, a research institute in Berlin. Power prices turned negative during several 15-minute periods yesterday, dropping as low as minus 50 euros ($57) a megawatt-hour, according to data from Epex Spot.

Posted by at May 17, 2016 2:09 PM

  

« WINNING THE WAR ON WAGES: | Main | WHEN IN DOUBT, BLAME THE JEW: »