Germany's renewables levy grows by 8.3% in 2017

Wind farm in Germany. Courtesy of Vestas Wind Systems A/S.

October 14 (SeeNews) - Germany’s green energy levy for 2017, the surcharge in consumers bills that supports renewable energy generators, will increase by 8.3% year-on-year to EUR 0.0688 (USD 0.076) per kWh.

The Federal Network Agency (Bundesnetzagetur) announced the new level of the surcharge today and explained that the increase is due to green energy capacity additions and a decline in the market price for electricity. The EEG levy per kWh stood at EUR 0.0635 and EUR 0.0617 in 2016 and 2015, respectively.

In 2017 transmission system operators (TSOs) expects 5.3 GW of additional renewable energy capacity, which would boost green power generation by some 187 TWh. This is more than a third of the forecast power demand in Germany for next year, the Bundesnetzagetur noted.

Next year, the liquidity reserve for the EEG account will be reduced to 6% from 10% previously.

(EUR 1 = USD 1.103)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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