Squandering the inheritance:
Last winter, on several occasions, Germany escaped only just large-scale power outages. Next winter the risk of large blackouts is even greater. The culprit for the looming crisis is the single most important instrument of German energy policy: the “Renewable Energy Law.”
The dramatic tone of the report by the Federal Network Agency (FNA) on the near-blackouts last winter is hard to overestimate: although the cold spell was short and mild, the situation in the German electricity network was “very serious” according to the Agency.