this post was submitted on 31 Aug 2023
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This would likely end up hurting consumers more than RWE, because the "merit order" pricing system sets electricity prices depending on the production cost of the most expensive unit of electricity that is being consumed at a given time (usually coal). So raising the production cost of coal-based electricity sadly will also raise electricity prices, so long as renewables don't take over a larger share of the market.
I mean of course it would hurt consumer absent government intervention, that is the design of the market system. Socialize costs, privatize the profits. But it doesn't HAVE to be that way if Germany actually wanted to go green.