12 Oct '12, 2pm

Debate Continues in Germany over Cost to Ratepayers for Renewable Energy Incentives

Debate Continues in Germany over Cost to Ratepayers for Renewable Energy Incentives

With the grid operators planning to announce an increase in the surcharge consumers pay for clean energy on Oct. 15, the government said it will extend caps on subsides for solar energy to more technologies including wind and biomass. The plan is designed to contain the rising costs of scrapping nuclear power. Consumers in Europe’s biggest economy face an extra 59 euros ($77) on their power bills next year as the annual adjustment to the surcharge probably will climb 47 percent, the nation’s BWE wind lobby said today. Rising energy costs are adding to pressure on Merkel’s coalition to cushion the blow by reining in public support for renewables before elections scheduled for the autumn of 2013. “This is the stick the opposition will try to beat Merkel with,” William Pearson, an energy analyst at the Eurasia Group, said in an interview. “I expect rising power prices to be a...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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