Thursday, September 8, 2011

Ontario Marching in Lockstep with Germans

Speculation about Rising EEG Reallocation in 2012 « German Energy Blog:

Pursuant to the Renewable Energy Sources Act (EEG), German electricity consumers have to pay for the difference between the market price for electricity and the feed-in tariffs for renewable energy paid under the EEG by paying the EEG reallocation charge. From 2010 to 2011 the surcharge increased by 72% from EUR 2.047 Cent/kWh in 2010 to 3.53 Cent/kWh in 2011.
My fellow Ontario residents should make note of this. All our electricity supply costs go into one big ledger, and what is left after the market pricing is the Global Adjustment (GA).

The Global Adjustment has increased about 60% in Ontario. The first 8 months of 2009 had a GA charge averaging $24/MWh, and this year that figure moved up to $38.53.

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