Published on October 15th, 2012 | by Joshua S Hill0
Germany Raises Renewables Contribution Charge
October 15th, 2012 by Joshua S Hill
Germany’s Federal Network Agency announced Monday the intention to raise the renewable contribution charge for 2013 by 47 percent from 3.59 cents per kilowatt-hour to 5.28 cents per kilowatt-hour.
“There will be a marked rise in the renewables contribution charge for the coming year, after it was virtually unchanged this year over 2011,” said Jochen Homann, President of the Federal Network Agency (Bundesnetzagentur).
“The growing gap in the 2013 figures between the renewables compensation payments the TSOs have to make and the income from selling on the exchange is a chief reason for the rise. Next year, too, we can expect a considerable number of new installations to be connected to the grid, under promotion from the EEG.
“Also, the unexpectedly high deficit in the EEG account of some 2.6bn euros must be balanced. This deficit is chiefly due to the fall in quoted market prices and to the growth in PV systems on a scale we did not anticipate and the attendant higher compensation payments.”
German transmission system operators have forecast feed-in payments for 2013 of 18.5 billion euros. However, predicted profits on the electricity exchange only amount to 2.6 billion euros. According to the Bundesnetzagentur, the difference is the main component for the increase in the renewables contribution charge.
Craig Morris at Renewables International is unhappy, and says that “consumers are cross-financing industry to the tune of three billion euros this year alone.” For his full story on the renewables contribution charge increase and its impact across Germany, head on over to Renewables International.