-----------------------------------------------------------------------------------------------------------------------------------------------
.
Posted on 08/27/2022 7:02:37 AM PDT by rktman
The economic powerhouses of the European Union, France and Germany, both set records on Friday for electricity prices, as the West’s sanctions war with Russia continues to bite.
This time last year the cost of electricity per megawatt-hour (MWh) in both France and Germany sat at around 85 euros. On Friday, both countries set record highs, with the cost climbing by at least 1,000 per cent from last year to €850 in Germany and over €1,000 in France, Le Monde reports.
While the price of energy has been rising since the end of the lockdown measures across the world last summer, Europe, and Germany in particular, have been subject to soaring prices as a result of slowing flows of gas from Russia following the sanctions clash following the February invasion of Ukraine, with many thermal power plants using natural gas to generate electricity.
Despite longstanding warnings from figures such as former President Donald Trump, Germany has remained heavily reliant on Russia for gas while it has pursued so-called green energy sources and shut down nuclear power stations.
Though Russia has claimed that the current shortfalls in gas shipments have come as a result of technical issues with the Nord Stream 1 pipeline, others have suggested that it is a retaliatory strike in response to sanctions levied against Moscow.
(Excerpt) Read more at breitbart.com ...
This is hurting Putin bad . . somehow. He may get a hernia from laughing so hard.
“So why are they over €1,000?”
Nukes are running at 42% capacity.
A modern nuke plant is capable of better than 90% uptime. Wonder what their problem is?
-----------------------------------------------------------------------------------------------------------------------------------------------
.
Someone saw a rerun of “The China Syndrome” and, like nanzi, believed they’d get to chi-nuh if they keep diggin’. 😨🙌
“Sanctions War: French and German Electricity Prices Up by 1,000 Per Cent over 2021”
To those who don’t crunch energy numbers for a living, here’s an easy to see the impacts for Italy, for example:
Look at your electricity bill for each of the past 12 months and multiply each bill by 15. That is what you will pay for each of the next 12 months, if you live in most of Europe.
The above is made up of having to power 10 TIMES as much for the power itself and then bumping it up by 50% due to the lower household income in Italy. For the UK, roughly the same, for France maybe multiply by 13 as household income is a bit higher.
Bottom line, if Europeans are too whipped to fight this crap, the 20+ million ‘new arrivals’ will likely let their new host governments know what they think of it.
>>both set records on Friday for electricity prices, as the West’s sanctions war with Russia continues to bite.<<
Let them eat wind and sunshine.
No schadenfreude bitte. Our time will come with Pedo Joe at the helm. Our wisdom is just delayed foolishness.
Sanctions punish wrong people.
This is what happens when you rely on Russia
maybe Europe will learn ... there’s already talk of new coal & nuclear power plants, and several plans to import LNG from the US, Canada, and Qatar are being proposed
early stages yes, but at least people are now considering it - that NEVER happened before Feb. 23rd!!
Germans are now paying $0.41 per kilowatt hour.
One element of the story isn’t explained well by the news media. For some odd reason....the French nuke plants have a top-heavy maintenance schedule of down-time for 2022 (more than 50-percent). It begs questions who arranged the schedule. So far, the news media has not hyped this enough to get an investigation going.
To make up for this limit...oddly enough, the French are buying German power because of prior arrangements (probably going back several years).
If you look at this...someone shuffled the deck around and had to know of some Russian event to occur.
Excellent!
The Sanctions are working as planned!
I always thought the Prog Socialist Democrat strategy was to get Putin to Laugh Himself To Death.
It would be devastating to find out that Putin has no sense of humor.
Please, hold your breath, like you expect the Krauts, Limeys and Frogs to do.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.