The Cost of "Energy Transition to Renewables" based on Germany's expensive "Energiewende"
Just saw this one post - Energy Mix in Germany - and and wanted to add some perspective.
Image 1: OECD stat, electricity prices (PPP Adjusted in USD) - [edit] Data from 2022 (!) - link to source
[removed interactive map view based on user comment/request due to data not being any better than shared OECD 2022 chart [edit of edit] . If I source newer OECD data I'll relink. I found something from 2024 but have to check its viability... unfortunately what I found is in AUD pricing, making comparison harder.
Image 2: Energy Price Index (Harmonized) Germany, Electricity Prices
Image 3: Negative Energy Price Hours in EU Grid (Data from Ember, analyzed by Solas Capital
Image 4: original Post image of "Energy Mix", Germany (Simplified to show only fossil vs. Nuclear, vs "Renewable") (Original Post) to show correlation to phase-out of Nuclear.
In other terms: ever since nuclear base load facilities got "scaled out", prices increased together in correlation, making energy significantly more expensive on a per-household basis.
Energy doesn't vanish once it's created. It must go somewhere. Resulting in massive overhand of energy in "sunny periods". This pushes prices into negative territory - official negative rock bottom is -499.99 EUR per current energy exchange prices, prices would go lower on extremely sunny days if allowed (est at 800 EUR approximately at peak currently).
What this means is: the German tax payer (or payer of energy subsidies with energy bills) must subsidize the electricity offtake of this overhang energy into other european grids - they literally get money to take surplus electricity. There is no storage capacity able to take that much energy in that short amount of time (and neither should it be physically possible to have that much storage capacity on hand all the time - leaving aside the massive cost implications for such storage)
TL;DR: since the phase-out of Nuclear baseload, different stats, including OECD analysis show Germany has the highest energy costs per business and household in the OECD and pays high negative net cost to offtake overhang electricity.