Germany · energy crisis · France
Germany is actually doing very well with the energy crisis
8 October 2022 · First published in Capital · Original in Capital →
In brief
Treating the Ukraine war as a stress test, the author draws lessons: local resources don't guarantee low prices (UK, Bulgaria) and a large nuclear share is a risk (France importing 7–8 GW). Germany copes better thanks to diversification, over 40% renewables with zero fuel cost, reserve plants and overcapacity (222 GW vs a 75–80 GW peak), and stays a net exporter.