Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,303.10 +8.60 0.06%
S&P 500 1,649.60 -0.91 -0.06%
Nasdaq 3,459.14 -0.27 -0.01%
Ticker Volume Price Price Delta
STOXX 50 2,764.29 -12.49 -0.45%
FTSE 100 6,654.34 -42.45 -0.63%
DAX 8,305.32 -46.66 -0.56%
Ticker Volume Price Price Delta
Nikkei 14,612.50 +128.47 0.89%
Hang Seng 22,618.70 -51.01 -0.23%
S&P/ASX 200 4,983.50 -78.95 -1.56%

German Renewable Surcharge to Rise 47%, Wind-Power Body Says

German grid operators will probably increase the surcharge consumers pay for renewable energy next year by 47 percent, according to the nation’s wind-power lobby.

The rate is expected to be set at 5.27 euro cents (7 U.S. cents) a kilowatt-hour, Herman Albers, the BWE president, said today in Berlin, citing calculations by the wind energy group. It’s currently set at 3.59 euro cents a kilowatt-hour.

More than half of the fee, which is added to electricity bills, comes from exemptions for German industry, low power- market prices and costs held over from this year, Albers said.

“The government should cancel the exemptions for industry” because the feed-in-tariff payments for renewables make up only 2.26 euro cents of the new surcharge, he said.

Germany is debating how to overhaul a clean-energy subsidy system that helped raise the share of renewables to 25 percent of total generation, while increasing costs. The grid operators are due to release a statement on the surcharge on Oct. 15.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link