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    Germany weighs earlier end of renewables levy


    January 25, 2022 - SeeNews Renewables

     

      January 25 (Renewables Now) - Germany could abolish the renewables surcharge, the so-called EEG-levy, paid by consumers with their electricity bills, this year instead of 2023 as the ruling parties agreed in their coalition deal.

      The ruling coalition consisting of the Social Democrats, Greens and the Free Democrats is already discussing the issue and a result is expected shortly, Lars Klingbeil, co-leader of the Social Democrats, told the party's newspaper Vorwaerts.

      The decision to eliminate the levy is not surprising as it aims to alleviate the financial burden on consumers amid rising electricity prices. In October, the Federal Network Agency cut the surcharge for 2022 to a ten-year low of EUR 0.0372 (USD 0.042) per kWh from EUR 0.065 per kWh in the prior year.

      The proceeds from the EEG-levy are used for the financing of the renewables expansion in Germany and after consumers stop paying the surcharge, the green energy offensive will be financed with the proceeds from the emissions trading systems (BEHG and ETS) and a subsidy from the federal budget.

      (EUR 1 = USD 1.130)

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