Euronews
Europe · 6 hrs ago
✦ 78◉ Centre
The German village that made itself immune to the Hormuz shock
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Quality 78/100
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◉ Centre ✓ Fair headline
Feldheim, a village in eastern Germany, has insulated itself from energy price shocks through local renewable energy infrastructure, allowing residents to pay significantly lower electricity rates than European averages during periods of energy market volatility.
The German village that made itself immune to the Hormuz shock
When the Hormuz crisis sent energy prices up across Europe, most households had little choice but to absorb the shock. The residents of Feldheim, a small village in eastern Germany, barely noticed. They pay just 12 cents per kilowatt-hour for electricity.
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