Commentary: High electricity prices are not an unavoidable fate
A recent analysis shows that electricity prices in Germany are at a high level compared to other countries. However, this doesn't have to be the case.
The German government has spent around 30 billion euros to dampen the electricity price level, but prices remain at a record high compared to other countries, according to a recent analysis. This is further evidence that structural problems cannot be permanently solved with money. The 30 billion euros are being spent on various measures, including subsidies for electricity transmission network fees, industrial electricity prices, and renewable energy promotion.
However, the system is expensive and not sustainable, with network fees expected to rise sharply in the coming years.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
