Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Germany to Propose Renewable-Energy Subsidy Changes in March

Dec. 19 (Bloomberg) -- Germany, Europe’s biggest power market, plans to propose changes to its clean-energy subsidy system in March to reduce the cost of building wind farms and solar parks as it shutters nuclear reactors.

The so-called EEG clean-energy law must be modified to ensure renewables can compete and their expansion is aligned with power-line construction, Environment Minister Peter Altmaier and Economy Minister Philipp Roesler said today.

“We want to turn the renewable-energy law into the central steering instrument for the future expansion of renewables,” Altmaier told reporters in Berlin. The planned overhaul is “at least as ambitious” as reforming health care or pensions, he said.

Power supply has moved to the center of Germany’s political agenda since Chancellor Angela Merkel decided in 2011 to replace nuclear reactors with more fossil-fired plants and a growing share of clean-energy sources. Her government is seeking to prevent a voter backlash against rising energy costs before the next general election in the autumn of 2013.

It’s not yet clear whether the March proposal will result in a bill before the election, Altmaier said.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.