Dieter Hundt calls for FiT cancellation for new wind, solar plants - report

Sep 11, 2013 - Germany should stop paying subsidies for new wind and solar power plants and the priority feed-in of electricity from renewable energy should be cancelled, Germany's employers association head, Dieter Hundt, told daily Passauer Neue Presse in an interview.

There must be a cap for renewable energy subsidies, Hundt said, criticising the policy of the German government in the energy transition. The decisions related to the energy transition were hasty and their implementation was dissatisfying, he added.

Hundt called for a national consensus for radical amendments to the Renewable Energy Act immediately after the elections.

According to him, a possible option to stop the increase in electricity prices is a reduction in the electricity tax.

Subsidies for renewable energy in Germany currently total about EUR 20 billion (USD 26.5bn) a year while electricity from green sources has a share of 25% in the energy mix.

(EUR 1.0 = USD 1.326)

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