Renewable energy to hike electricity prices in Germany
(ADPnews) - Oct 18, 2010 - Subsidies for the renewables sector in Germany will cause an increase of electricity prices in 2011, Hildegard Mueller, head of the Association of Energy and Water Industries (BDEW), said on Friday.
Through the EEG levies the costs for the development of the renewable energy sector will be passed to all electricity consumers in Germany, Mueller said.
From 2011, consumers will be paying EUR 0.353 (USD 0.498), instead of EUR 0.2047 for every kilowatt-hour in order to support the upgrade of renewable energy. According to information portal TopTarif, the additional burden for every household could reach EUR 115 a year, while the supplier will not benefit from the higher levies.