by Rachael Bunyan, Daily Mail:
- German energy chiefs warn that Germany will face a shortage in electricity
- It comes after government decided to shut down its remaining nuclear plantsÂ
Germany faces electricity shortages that will see critical industries ditch the country after the government decided to shut down the last remaining nuclear power plants in favour of renewable energy sources, business chiefs have warned.
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The head of energy firm RWE said he fears that Germany will face a shortage of electricity that will see prices in the already struggling country soar.
Markus Krebber, 50, warned that this will endanger Germany’s ‘competitiveness’ as an industrial hub, meaning companies will be driven out of the country, taking much needed jobs with them.
‘Germany’s prosperity is based on strong industry,’ Krebber told BILD. ‘A scarce energy supply leads to high prices – this endangers the competitiveness of Germany as an industrial location. We are seeing the first signs of de-industrialisation.’
His stark warning follows the shock news that Germany has fallen into recession – unlike Brexit Britain’s economy which is expected to grow by 0.4 per cent in 2023 and is set to avoid a similar downturn.
Germany faces electricity shortages that will see critical industries ditch the country after the government decided to shut down the last remaining nuclear power plants (pictured) in favour of renewable energy sources, business chiefs have warned
