Total madness: batteries forgotten
Exporting electricity at negative prices during the day and importing it at positive prices at night. The consequences of ideological delusion and dogmatic stubbornness.
Because of the absolutely insane situation on the electricity market, there was almost a special newsletter on Whit Monday. There are 7 Saturdays, Sundays, holidays in a row in Germany and Austria with partly negative electricity prices during the day.
On the other hand, on Whit Monday, Germany imported 4.8 GW just before sunrise. Export electricity at negative prices during the day and import it at positive prices at night.
How can anyone get the idea that 70 GW of photovoltaics is enough for Germany? You just have to believe very strongly that the demand for electricity will fall. More electricity demand due to the switch to electric cars? No, you have to believe! More electricity demand by switching to heat pumps? No, you have to believe!
70 GW is the maximum amount of photovoltaics that can be managed without new electricity storage facilities, so 70 GW was named as the expansion target. The EEG - Energy Feed-In Act was passed under the SPD-Green coalition government from 1998 to 2005. The designer of the EEG, Hans Josef Fell, was still projecting 2014 diagrams of declining electricity demand at lectures.
In 2013, this absolutely ridiculous expansion target of 70 GW led to the crushing of the German photovoltaic industry, which had just been painstakingly built up. Currently, 69.1 GW of photovoltaics are installed in Germany.
In 2 years, there could already be 90 GW of photovoltaics. It would then be possible that there would be negative electricity prices for a whole week on some hours of each day. But negative electricity prices cost the taxpayer a lot of money: The difference between the EEG feed-in tariff and the exchange price for a certain hour is borne by the taxpayer. Until 2022, this difference was paid by the electricity customer.
One hour of 40 GW feed-in according to EEG, spot market price -10 cents/kWh, average EEG remuneration 10 cents and already 8 million € of tax money go down the drain. If this happens 500 hours a year, it's €4 billion. This will be possible in a few years. This government does not do the very least against it. The opposition is not addressing this issue. Opposition? The CDU/CSU can actually be called black-green.
If the only opposition party mentioned this, there could certainly be no discussion about it. Instead, they would be called right-wing climate change deniers. This is how politics works in Germany today.
For the first time on March 5, 2008:
Discussed again in detail in August 2008:
That was 15 years ago. Fifteen years in which this issue was systematically ignored. This can only be explained by ideological blindness and dogmatic stubbornness. Qualities that are attributed to religious communities, but which are absolutely incompatible with science.
Catastrophes of total ignorance also occurred in science, of course. For example, when doctors continued to kill hundreds of mothers, ignoring the findings of Dr. Ignaz Semmelweis on hygiene. Yes, one has to resort to such drastic comparisons when explaining this energy policy. Operating the power grid today is a tightrope act.
A club member donates his membership fee to the club and is happy if the club is successful. If not, I have supported a good cause.
A shareholder acquires shares in a stock corporation. If the AG is successful, his shares are worth much more. In the case of GEMINI next Generation AG, his reward for supporting a good cause.
As a shareholder, employee or homebuyer, you will also become part of the countermovement against many negative developments in our society that are detrimental to our survival.
A new shareholder said "I with my very modest investment", but 4,000 times 1,000 € is also 4 million for all investments until the opening of the settlement in Unken as a starting point for worldwide expansion.
Only the Annual General Meeting can resolve the major capital increases, but here is what the Executive Board and Supervisory Board can resolve. The new capital stock is used to perfect the documents for the larger planned capital increases.
Here are the details.