German renewable energy levy to rise to EUR 0.061 in 2014 - study

Jul 1, 2013 - Germany's renewable energy levy is seen growing to some EUR 0.061 (USD 0.08) per kWh in 2014 from currently almost EUR 0.053 per kWh, according to a study carried out by the German Institute for Applied Ecology.

This means that an average household would have to pay almost EUR 215 per year for the levy, up from the EUR 185 that is paid now, news agency DPA-AFX reported.

According to the study, which was ordered by Greenpeace Deutschland, the renewable energy levy will further increase in 2014 despite opposite expectations as a result of the significant drop of prices on the electricity exchange.

However, the study projects a stabilisation of the renewable energy levy by 2017.

Last week, German paper Bild reported, citing sources close to the Federal Network Agency, that the renewable energy levy is expected to increase by around one-fourth to around EUR 0.065 per kWh in 2014.

(EUR 1.0 = USD 1.305)

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