But the VIK group, a German association of industrial energy consumers, has done the feared estimation. It is expecting the rise in cost per MW-hour to be as high as 85%. These numbers are based on the 11% rise in energy costs (compared to the same period last year) just after the seven oldest nuclear reactors were taken off-grid. But this brutal price rise is just the icing on the cake, as Germans are already paying double what the French pay for their electricity, even though Germany has historically been a net energy exporter. Imports of French energy to Germany are expected to skyrocket as the Germans try to contain prices. And just a reminder: France's energy mix is 80% nuclear power.
Now forgive me if this sounds sarcastic, but isn't it unethical to import nuclear power when you have declared you are against it?And if your problem is nuclear power's safety, keep in mind that some of the French nuclear plants are very near German territory. The Fessenheim plant, for example, is just 1.5km from the German border. Something similar happens with nuclear plants in Belgium, the Netherlands, the Czech Republic, and Slovakia. All of them are much closer to Germany than Chernobyl is, yet you do not see people shouting about it. Just another example of how anti-nuclear sentiment is clouding the judgement of some people. You are losing your precious energy independence in vain.
If any country has the strength and discipline to successfully perform such an energy somersault, it is Germany, that is for sure. But as always happens (or should happen) in economics, one should think about the cost-benefit ratio of the decision before taking action, because the shift towards renewables will strongly boost already profitable German renewable energy companies like Siemens Energy, Nordex, and Solarworld, just to name a few. But the main question remains: will the boost to the renewables sector compensate for the injury caused to the rest of the sectors affected? The answer, given the wide spectrum of German industry, is probably no.