Thursday, October 11, 2012

Reuters Reports German renewable surcharge to rise by 47 percent

German renewable surcharge to rise by 47 percent: source | Reuters:
(Reuters) - Germany's surcharge for renewable energy will rise by almost half next year, a government source told Reuters on Wednesday, intensifying the burden for consumers from the country's shift away from nuclear power.
The 47 percent increase reflects the fact that renewable sources are providing increasing amounts of electricity, which is bought from producers at guaranteed prices above market rates.
Coming a year ahead of a federal election in which Chancellor Angela Merkel will seek a third term, the sharp rise in the surcharge is politically charged.
The so-called 'Umlage' -- charges levied on German consumers to support renewable power -- will rise to 5.3 euro cents per kilowatt hour (kWh) in 2013 from 3.6 cents in 2012, the source said.
The four leading high voltage network operators (TSOs) are scheduled to officially release the increase on October 15, based on their forecast of renewable power production in 2013.
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