From NoTricksZone

By P Gosselin on 26. August 2023

Germany’s so-called Energiewende is leading to lots of economic pain as energy prices are projected to keep rising until 2040.

Some 20 years ago, the German Greens and Socialists, who were in power, promised green energies, primarily from wind and sun, would be cheap, plentiful and clean in the future. In 2004, then Environment Minister Jürgen Trittin (Green Party) even promised that green energy wouldn’t rise more than the cost of a single scoop of ice cream per month. A fairy tale.

Since then, electricity prices have skyrocketed. A typical German household is now paying nearly 1,800 euros annually:

Today, Germany’s energy costs are among the highest in the world, and there’s no relief in sight. Moreover, the majority of Germany’s total energy needs still remains supplied by fossil fuels, like coal, natural gas and petroleum.

40 cents a kwh

Blackout News here reports that Germany’s  Ministry of Economics, headed by Robert Habeck (Green Party, now projects “the price of electricity will initially drop a little, but over time, it is expected to gradually rise to as much as 40 cents per kWh over the next few years.”

“So far, Economics Minister Robert Habeck has repeatedly emphasized that electricity will become cheaper again with the expansion of renewable energies. However, the forecasts from his own ministry contradict this,” reports Blackout News. “For the years 2024 and 2025, the ministry expects a price of exactly 37 cents per kWh. Thereafter, a moderate increase is expected, eventually reaching a peak of 40.27 cents per kWh in 2042.”

Natural gas prices are also projected to rise to painful levels. The are forecast to rise to 16.56 cents per kWh by 2040.