Re:Climate talks break up with no agreement on carbon trading
by imtringued on Sunday December 15, 2019 @04:12PM
(#21799018)
>And it can be solved in the finance field with cheaper energy sources.
In Germany the market prices for electricity go down but at the same time the residential rates go up massively. There are two reasons for that. Firstly coal plants can't throttle down but PV and wind farms get paid anyway through a surcharge. Secondly large industrial consumers are exempt from the surcharge. This means residential users are paying the electric bills of aluminum smelters, etc. In other words. The cheaper the electricity in Germany the higher the final price. Isn't that absurd?
The surcharge wouldn't be needed if there was a working CO2 tax or carbon trade system because all coal plants would be shut down and replaced by load following natural gas plants which only run when truly necessary.
In Germany the market prices for electricity go down but at the same time the residential rates go up massively. There are two reasons for that. Firstly coal plants can't throttle down but PV and wind farms get paid anyway through a surcharge. Secondly large industrial consumers are exempt from the surcharge. This means residential users are paying the electric bills of aluminum smelters, etc. In other words. The cheaper the electricity in Germany the higher the final price. Isn't that absurd?
The surcharge wouldn't be needed if there was a working CO2 tax or carbon trade system because all coal plants would be shut down and replaced by load following natural gas plants which only run when truly necessary.