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German Renewable Energy Consumer Subsidy to Increase ‘Slightly’

Oct. 14 (Bloomberg) -- German consumers will see a component of their power bills that subsidizes renewable energy output rise “slightly” next year as solar panel installations lag and higher wholesale electricity prices temper the effect for households, the country’s power grid regulator said.

The rate will rise to 3.592 cents a kilowatt-hour in 2012 from 3.53 cents this year, the Bonn-based Federal Network Agency said today in an e-mailed statement, citing data supplied by Germany’s power grid operators.

The regulator, known as the Bundesnetzagentur in German, said it expects 4.5 gigawatts of solar panels to be installed next year compared with about 7 gigawatts in the “boom year” of 2010.

To contact the editor responsible for this story: Nicholas Comfort at ncomfort1@bloomberg.net

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