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Germany to cut 2019 renewables levy by 6%

Wind farm in Germany. Author: Clément Belleudy. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

October 16 (Renewables Now) - Germany plans from next year to cut the green energy surcharge in consumers’ electricity bills to EUR 0.06405 (USD 0.0742) per kWh, lowering the levy for the second time in a row.

The country’s Federal Network Agency, known as the Bundesnetzagetur, announced on Monday that the surcharge will be almost 6% lower as compared to its current level of EUR 0.06792/kWh. The decline reflects the rising spot market prices of electricity, as well as the surplus in the EEG levy account. The costs for the installation of new renewable energy capacity have also dropped, allowing project developers to be less reliant on subsidies.

According to transmission system operators (TSOs), nearly 6 GW of renewable energy capacity will be added in 2019, which would lift green power generation to 217 TWh. They also estimate that the overall cost to be paid to all renewable power generators will stand at EUR 33.1 billion for 2019. The liquidity reserve will remain at 6%.

(EUR 1.0 = USD 1.158)

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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