this post was submitted on 31 Aug 2023
554 points (81.7% liked)
World News
32285 readers
594 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This would likely end up hurting consumers more than RWE, because the "merit order" pricing system sets electricity prices depending on the production cost of the most expensive unit of electricity that is being consumed at a given time (usually coal). So raising the production cost of coal-based electricity sadly will also raise electricity prices, so long as renewables don't take over a larger share of the market.
I mean of course it would hurt consumer absent government intervention, that is the design of the market system. Socialize costs, privatize the profits. But it doesn't HAVE to be that way if Germany actually wanted to go green.