From the Risks-Forum Digest Sunday 4 April 2021 Volume 32 : Issue
Date: Thu, 1 Apr 2021 21:32:18 +0200 From: Thomas Koenig snipped-for-privacy@netcologne.de Subject: Safe and affordable electricity supply in danger (German finance watchdog)
The Bundesrechnungshof, Germany's federal financial watchdog, has stated that the "safe and affordable supply of electricity is in increasing danger" due to Germany's "Energiewende" (energy transition).
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To quote its president: "Affordability is still not measurably determined; security of supply is incompletely assessed. Whether citizens and the economy will be reliably supplied with electricity in the future is subject to risks that the German government is not fully aware of. I am concerned about the high electricity prices for private households and small and medium-sized enterprises. This puts the acceptance of the generation project at risk."
The risk? To push through policies without looking at risks and potential consequences.