German Industry Wants End of Feed-in Tariff on Rising Power Cost
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Germany’s biggest companies want Chancellor Angela Merkel to abolish a subsidy that made the country Europe’s biggest clean-energy market and helped saddle it with some of the highest power prices in the region.
The BDI industry federation that represents about 100,000 companies including Siemens AG and Volkswagen AG wants to get rid of feed-in tariffs that guarantee owners of new clean-energy plants above-market payments for 20 years under the EEG renewable law. Instead, it wants developers to sell their power on the market to encourage output that responds to demand rather than whether the wind is blowing or the sun shining.