Title: I just got a letter from my electricity company. They are bankrupt and I am now exposed to 80 cents &#x2F; kwh as they immediately stop supplying electricity.<p>Here is a brief summary of the electricity crisis in Germany:<p>Consumer electricity prices in Germany climb to a record high despite a warm winter. Not only mine, but several other electricity providers have gone bankrupt in the past few days. The price available to consumers is now 45-80 cents &#x2F; kwh. Many providers no longer accept new customers because they have to recalculate their offers, so that consumers are exposed to the &quot;basic supply&quot;, which in many regions has reached 80 cents per kWh. My plan now is to get a contract that I can cancel on a monthly basis and I hope the situation improves. If you accept my application, I will have to pay 65 cents per kWh from now on.<p>The bad news is: From January 1st, prices will continue to rise due to an increased CO2 tax and the Greens have announced that they will continue to increase this tax. However, I hope that the underlying effect will improve and lead to an overall price reduction.<p>At the same time, 3 out of 6 nuclear power plants will be shut down on December 31, 2021 - in 2 days. Since the Greens want to accelerate the switch to electromobility, forecasts indicate that we have a need for several new natural gas power plants in Germany. Unfortunately, due to political tensions with Russia, Germany is working closely with the United States to import LNG. Not only is it more expensive, it is also dirty, because fracked gas has a similar carbon footprint to coal and has a devastating environmental impact.<p>The solution is to buy electricity from neighbors who are expanding their nuclear power plant capacity.<p>I am shocked and not prepared. Fortunately, I can pay for that, but I can imagine that this will cause the prices of everyday goods to rise - and lead to an erosion of our industrial competitiveness.
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