Two German research organizations have investigated claims that low US power prices might entice German firms to relocate. As Craig Morris reports, they found a mixed bag of enticements without a clear signal that German firms should leave. In my previous post, I discussed a study recently published in German by Green Budget Germany (FÖS), which found that, in an EU comparison, German industry power prices are already lower than frequently reported – and becoming more competitive, not less. Does that hold for a comparison with the US as well? It turns out that methodology makes such a comparison difficult. The classification of 70-150 GWh per year for large industry in Germany is not made in the US, so a direct comparison between the two countries for this category is not possible. Further complicating the matter, power prices range greatly in the US, from 3.2 cents in Washington to 24 cents in Hawaii. (All prices indicated in euros at an exchange rate of 1 USD to 0.778 EUR). FÖS therefore focuses on Texas and Pennsylvania, … Continue reading Are US industry power prices that much lower than Germany’s?