April 13, 2021

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Safe and affordable electricity supply in danger

The Bundesrechnungshof, Germany's federal financial watchdog, has stated
that the "safe and affordable supply of electricity is in increasing danger"
due to Germany's "Energiewende" (energy transition).

https://www.bundesrechnungshof.de/de/presse-service/pressemitteilungen/sammlung/bund-steuert-energiewende-weiterhin-unzureichend
(there is not yet an English version as I write this).

To quote its president: "Affordability is still not measurably determined;
security of supply is incompletely assessed. Whether citizens and the
economy will be reliably supplied with electricity in the future is subject
to risks that the German government is not fully aware of. I am concerned
about the high electricity prices for private households and small and
medium-sized enterprises. This puts the acceptance of the generation project
at risk."

The risk? To push through policies without looking at risks and potential
consequences.