Looking at electricity rates around the world it seems there is no cost savings for the consumer in those countries “pushing” green energy like Germany.
Without a proper cost benefit analysis it’s difficult to know the effects if the Bahamas Electricity Corporation attempted to provide wind and solar power. One wonders how the high price of the technology could be offset without even higher rates?
Germany, the so called green energy leader, has the second highest electricity rates in the world. And rates were even higher last year.
It seems the inexorable push for “green” technology is premature and could make our electricity costs even higher in the near term.
Even though it seems our government is slow off the mark with energy reform, this might be one time where their slow pace could be beneficial?
Let rich countries figure it out and we can jump in on the latest and greatest green technology, hopefully at a much lower capital cost as more competition evolves.
Find more about the chart of electricity rates here...
