"Experiencing the Financial Consequences of Switching to Renewable Energy Sources"
In the "Climate Lab" segment of ntv, economist Veronika Grimm voiced her concerns over German electricity prices, stating they require intervention due to unstable policy. Her preferred method would be to address the inconsistent subsidy programs and lack of electricity price zones. Grimm believes regulating wind power in the north to direct surplus electricity to the south drives up prices in Scandinavian nations.
Grimm appraises the current situation, noting that while some levies and surcharges have decreased, resulting in cheaper new contracts, industry still grapples with high electricity costs due to ongoing levies and surcharges. She sees the EEG surcharge, although costly, as vital in incentivizing renewable energy expansion and technology advancement.
However, Grimm warns against subsidizing electricity permanently, emphasizing the importance of striking a balance between affordability and environmental sustainability. She suggests a thorough evaluation of the EEG surcharge's effectiveness and the potential for limiting its prominence.
When asked about electricity price zones, Grimm acknowledges their potential benefits, such as improved grid stability and efficiency. She supports the European Commission's urging for Germany to explore the concept of distinct electricity zones. However, Grimm is aware of the objections raised by industry and southern German lawmakers, citing regional disparities and technical challenges as major concerns.
Grimm acknowledges the complexities surrounding electricity price zones and emphasizes the need for further discussion and reflection before implementing any changes. She underscores the importance of maintaining a well-functioning energy market while addressing the challenges posed by a constantly evolving energy system.
Grimm proposes that addressing the inconsistent subsidy programs for renewable energy sources, such as wind power, could help stabilize electricity prices in Germany. The Bavarians, known for their opposition to such changes, might need to reconsider their stance to lower electricity costs in the long run. Despite the costly EEG surcharge, which subsidizes renewable energy, Grimm stresses the importance of striking a balance between environmental sustainability and affordability in the economy.
