German Renewable Surcharge for 2013 Rises by Almost 47% to 5.277 ct/kWh

The increase in Germany's EEG surcharg was announced today, and is, as expected very significant.

Renewable Surcharge for 2013 Rises by Almost 47% to 5.277 ct/kWh « German Energy Blog:

Today the four German transmission system operators (TSOs) officially announced the surcharge for renewable energy pursuant to the Renewable Energy Sources Act (EEG) for 2013, the so-called EEG surcharge (EEG Umlage). As widely expected it will rise from  3.592 ct/kWh in 2012 to 5,277 ct/kWh in 2013, constituting an increase of 46.9%. Consumers that cannot reclaim the (additional) 19% VAT will pay 6.28 ct/kWh in total.

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Note: At the current exchange rate, 6.28 Euro cents equate to roughly 8 Canadian cents (which is the full residential rate for the electricity commodity in Ontario)