German Clean Energy Must Face Free Market, Economy Minister Says
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Germany needs to overhaul its subsidy system for renewable energy created in the 1990s to ensure the clean-power industry remains competitive, Economy Minister Philipp Roesler said.
Power producers will need to face competitors without earning above-market prices over the long-term if the country wants to reach its clean-energy targets and not overpay, Roesler said today in Berlin. German consumers paid about 13 billion euros ($16.6 billion) last year in subsidies, mostly for power from wind and solar plants.