European Economics Thread
- Thread starter PiSigma
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And we further welcome more German industries and enterprises investing in China.... 
Electricity rationing could become unavoidable in Germany as part of an energy transition strategy starting from next year, public broadcaster BR24 reported on Friday.
Germany’s Federal Network Agency is considering limiting the use of power in peak hours as local grids fail to cover rising demand, which is expected to surge by over 10% in the coming years driven by a shift to clean energy, the outlet said.
More e-cars and heat pumps mean greater demand for electricity but local networks are not always designed for high loads, the article stated. Another problem for the country’s power operators is insufficient network expansion which currently lacks around 14,000 kilometers of infrastructure.
The head of the Federal Network Agency, Klaus Muller, suggested allowing German network operators limit the use of electricity at peak hours to avoid overload, from January 2024.
“If it is proven that this network overload could occur, then the distribution network operator has the right to dim,” he told BR24.
In addition to the EV transition, the German government also faces the challenge of switching heating systems from oil and gas. Abandoning hydrocarbons means they will have to be replaced with electric heating pumps, but the cables and transformers presently in use are not suitable for the increasing needs of the future, the outlet noted.
“So that there are no delays when connecting the heat pumps and charging devices, the distribution system operator also needs an instrument for control,” the Federal Network Agency told BR’s political magazine, Kontrovers.
The only feasible measure to maintain the stable operation of power networks is to take heat pumps and electric vehicles off the grid during peak load times, the outlet said, adding that the Federal Network Agency is now working out the details of the new regulation.
Germany mulls energy rationing – media
Power operators will reportedly be allowed to unplug customers from grids at peak hoursElectricity rationing could become unavoidable in Germany as part of an energy transition strategy starting from next year, public broadcaster BR24 reported on Friday.
Germany’s Federal Network Agency is considering limiting the use of power in peak hours as local grids fail to cover rising demand, which is expected to surge by over 10% in the coming years driven by a shift to clean energy, the outlet said.
More e-cars and heat pumps mean greater demand for electricity but local networks are not always designed for high loads, the article stated. Another problem for the country’s power operators is insufficient network expansion which currently lacks around 14,000 kilometers of infrastructure.
The head of the Federal Network Agency, Klaus Muller, suggested allowing German network operators limit the use of electricity at peak hours to avoid overload, from January 2024.
“If it is proven that this network overload could occur, then the distribution network operator has the right to dim,” he told BR24.
In addition to the EV transition, the German government also faces the challenge of switching heating systems from oil and gas. Abandoning hydrocarbons means they will have to be replaced with electric heating pumps, but the cables and transformers presently in use are not suitable for the increasing needs of the future, the outlet noted.
“So that there are no delays when connecting the heat pumps and charging devices, the distribution system operator also needs an instrument for control,” the Federal Network Agency told BR’s political magazine, Kontrovers.
The only feasible measure to maintain the stable operation of power networks is to take heat pumps and electric vehicles off the grid during peak load times, the outlet said, adding that the Federal Network Agency is now working out the details of the new regulation.
'Brits are dying in their tens of thousands -
Tens of thousands more Brits died than usual from May to December 2022, excluding Covid as a cause of death, raising serious questions as to why so many died
Italians see their wealth plummet
The cost-of-living crisis has impacted the finances of more than a third of households, a survey showsMore than a third of Italian families have seen their living standards drop over the past year due to rising inflation, the National Consumer Union (UNC) reported this week.
The UNC said that 35.1% of Italian households experienced worsening financial conditions last year, compared to 30.5% in 2021.
They attributed the results to soaring bills driven by spikes in the prices of energy and goods and services.
“These are alarming but much expected results,” UNC President Massimiliano Donna said.
Prices for electricity, which is sold on the free market, have surged sharply and topped the UNC rating for the most expensive goods and services last year.
“The data regarding those who consider their situation as stable could not be necessarily viewed in a positive light. In general, all those who could hardly make ends meet both in 2021 and 2022 fall under this definition. So there is no reason to be happy,” Donna added.
The cost of living continues to rise and is becoming more “unbearable,” as basic food items have seen dramatic increases in the country, with the prices of various vegetable oils, excluding olive oil, soaring more than 50% year-on-year, the study found.
For families with two children, the current inflation at 7.7% will add €2,306 ($2,515) to their annual bills, of which Italian households will spend €1,015 on food and beverages, and €1,062 to cover other products in the consumer basket, the UNC said.
The German manufacturing PMI is going from bad to worse (blue) and points to recession. But you have to weigh that against the services PMI (red), which is near all-time highs..
Germany de-industrialization continue at full speed.
I have nothing to criticize
The German manufacturing PMI is going from bad to worse (blue) and points to recession. But you have to weigh that against the services PMI (red), which is near all-time highs..
Germany de-industrialization continue at full speed.
