Figures just published appeared to vindicate Germany’s clean energy revolution, showing that the country’s electricity surplus had nearly quadrupled between 2011 and 2012.
Sure, Germany exports electricity. When the wind\’s blowing and the Sun\’s shining they have a large surplus. Which they must dump onto the electricity markets of other countries. Who would, likely (obviously, it gets dumped onto nearby countries, likely to be having the same breezy, sunny, days) also have a surplus if they had the same penetration of renewables.
And on overcast winter days Germany must import. When it\’s all much more expensive.
The figures from Germany’s Federal Statistical Office, which were based on information from Germany’s four big electricity grid operators, showed that the net surplus of 22.8bn kilowatt hours was worth €1.4bn.
However, the figures do not take into account the cost of subsidising renewable energy, which some estimates put at €14bn (£11.8bn).
That\’s costs. Yes, annual costs.
So, a loss of over €10 billion a year.
If this is success then what the fuck does failure look like?