Russia's energy blackmailing potential has evaporated.
Nord Stream is closed ("maintenance") and the market doesn't care. Prices are collapsing.
Lion Hirth
3,349 posts
Lion Hirth
@LionHirth
Joined May 2015
- As a German energy professional, for 15yrs I've explained people from the rest of the world our stance on nuclear, often defending it. Today is the day when I will stop. I don't know how to explain the decision to effectively close even the remaining reactors in these times.
- This is huge. According to one assessment of Sep/Oct data, German citizen save 20 to 30+% gas. Consistently every week. This is beyond my wildest dreams. Via @c_endt
- 99% der Leute, denen Wärmepumpen dubios sind, haben schon eine. Oder zwei. Eine im Auto (nennt man dort Klimaanlage) und eine in der Küche, besser bekannt als: Kühlschrank. Das eine ist übrigens eine Luft-Luft-Wärmepumpe, das andere so etwas wie eine Luft-Wasser-Wärmepumpe.
- Ich muss gestehen, dass ich einen gewissen sportlichen Ehrgeiz entwickelt habe, die Heizung möglichst lange ausgeschaltet zu lassen.
- French nuclear continues to wreak havoc on European power markets and EDF's balance sheet. Output now 40% below the seasonal norm and 25% below lockdown-2020. It's funny how everyone calls wind and solar intermittent and considers nuclear power firm.
- What do we know about the Nord Stream leaks and what does it imply? Information is still coming in and there is a lot we don’t know. I think this is a pretty big deal, and I am quite concerned. Here is my preliminary assessment.
- At current prices, next year Germany's electricity bill will be €500bn. That's 13% of GDP. It used to be 1%.
- If you build a solar park in Germany today, you recover you investment within three years. Numbers 👇
- There is really only one way out of the European energy crisis: investing hundreds of billions of € into wind and solar. Any policy that makes such investments less attractive will prolong the crisis.
- Weil einige es schon wieder vergessen haben: Es war Russland, das uns den Gashahn zugedreht hat. Nicht Habeck oder die Bundesregierung oder die EU. Sondern Putin. Und zwar langsam und systematisch und planvoll ab Frühling 2021.
