(SeeNews) - Sep 6, 2013 - Germany's green power production declined by 2.6 % year-on-year in the first eight months of 2013, but the renewables energy levy is expected to rise in order to offset the drop in electricity prices for large consumers, German institute of renewable energy industry IWR said on Wednesday.
Electricity produced from wind and photovoltaic systems since January has fallen to around 1.3 billion kWh, according to figures posted by the energy exchange EEX.
Despite the decrease in green energy production, the surcharge which consumers pay to finance its expansion is planned to increase, Norbert Allnoch, head of IWR said. Estimates of the Federal Government show that the apportionment under the renewable energy act (EEG) could go up 20% next year to EUR 0.06 (USD 0.08) per kWh. The reason is that the renewable energy levy covers the difference between the fixed remuneration rate for the renewable energy producers and the ever falling electricity prices on the energy exchange.
The decrease in electricity prices and the exemptions for industry add up to EUR 7 billion in 2013, which is to be financed by the consumers, IWR noted.
(EUR 1.0 = USD 1.313)