Maggie's Farm

Re: Energy costs in Europe

The article at the link was written by the electrical utilities. It's pure press agent propaganda, designed to make it appear as if more expensive electricity is inevitable. So let me ask: In Germany, what's the industrial cost per kilowatt hour right now? What's the cost per residential kilowatt hour? This article doesn't mention actual prices it just deals in sweeping generalities.

The power companies carefully avoid any discussion of cost, because they are already charging customers way too much. But if nobody knows the price, then nobody can argue. In America, coal power plants provide roughly 45 percent of U.S. electricity at a seemingly bargain price — just 3.2 cents per Kilowatt hour. But the real price is higher. Why? Because of the notorious public unions. At 3.2 cents per KW, California homeowners should have an electric bill of around seventy dollars. But the real price is a hundred and fifty dollars. Twice as much. Why? Because all those union pensions, trillions of dollars worth, have to be funded by homeowners.

All the power companies in Europe and America are trying to secretly add charges to each customer, in order to fund union pensions; which were never approved by the taxpayer. It's theft in broad daylight. But remember: the power companies operate a monopoly. So it's impossible to refuse their demands for money. If you don't pay, you'll be sitting in the dark. Those union guys want their money, homeboy. And they've got Washington and Berlin completely under their control.

https://www.reuters.com/article/us-usa-jpmorgan-electricity/u-s-judge-dismisses-power-market-manipulation-case-against-jpmorgan-idUSKCN0SL2ML20151027