🇪🇺🇺🇸 European consumers pay on average 158% more than American consumers for electric energy and 345% more for natural gas despite being a lot poorer.

For the monthly electricity bill paid in the EU, 20% of the bill's price is inflated by taxes.

An EU-funded German think tank, in a December 2024 analysis, presented the "only" solution available: wait until renewables become cheap something which may or may not happen.

Their graphs show how renewables will change the future electricity bill, which by their own admission, will remain unchanged as whatever surges in electricity generation may appear from renewables will be offset by other taxes imposed by the EU in order to maintain auxiliary infrastructure such as batteries to stock up on surplus energy and replacing older infrastructure.

The think tank admits the future where Europe regains access to cheap energy without resorting to importing natural gas from Russia is "overtly optimistic" because the renewable infrastructure is manufactured almost exclusively by China with which the EU recently ruined its ties with to please the U.S.

Although the think tank found the key flaw in its thinking that renewables will save Europe, the think tank says at the end that paying for more expensive energy is a viable alternative than "volatile imports from global markets" and even said that in the future, the EU may bridge the energy cost gap with the US.

@CIG_telegram