Part 3/10:
Factors Driving the Price Increase
Several key factors are contributing to these rising prices, with Germany often cited as a focal point of the problem. The country has experienced a notably cloudy and windless autumn and winter, leading to diminished output from renewable sources like wind and solar. This has prompted Germany to turn to alternative energy sources at a time when it struggles to diversify beyond its heavy reliance on Russian gas. Despite its commitment to renewable energy, Germany has phased out nuclear power, with its last facility shutting down in 2023, leaving minimal domestic natural gas production.