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German electricity costs may rise next year renewable subsidy leaps 72%

Electricity consumers will pay an extra 3.53 euro cents (5 U.S. cents) per kilowatt-hour of consumed power in 2011 to subsidize renewable-energy generation, the country's four high- voltage power grid operators said today in an e-mailed statement. That compares with 2.05 euro cents this year.

German power users face higher prices in 2011 as record installations of solar panels will help spark a 72 percent increase in surcharges for renewable energy.

Electricity consumers will pay an extra 3.53 euro cents (5 U.S. cents) per kilowatt-hour of consumed power in 2011 to subsidize renewable-energy generation, the country's four high- voltage power grid operators said today in an e-mailed statement. That compares with 2.05 euro cents this year.

Germany may install 8 gigawatts of solar panels this year, doubling its current capacity, the BSW solar industry group forecast on Oct. 5. Solar energy earns a premium price compared with electricity from fossil fuels and it's guaranteed for 20 years. That has led to a boom in solar installations and made Germany the world's largest market for the generating equipment.

"The expansion of renewable energy is associated with temporary investment costs," said Guenther Cramer, president of the BSW association, in an e-mailed statement.

Germany, Europe's largest economy, implemented a system of feed-in tariffs more than a decade ago to support the expansion of solar and wind power. The policy is... more [truncated due to possible copyright]  

German power users face higher prices in 2011 as record installations of solar panels will help spark a 72 percent increase in surcharges for renewable energy.

Electricity consumers will pay an extra 3.53 euro cents (5 U.S. cents) per kilowatt-hour of consumed power in 2011 to subsidize renewable-energy generation, the country's four high- voltage power grid operators said today in an e-mailed statement. That compares with 2.05 euro cents this year.

Germany may install 8 gigawatts of solar panels this year, doubling its current capacity, the BSW solar industry group forecast on Oct. 5. Solar energy earns a premium price compared with electricity from fossil fuels and it's guaranteed for 20 years. That has led to a boom in solar installations and made Germany the world's largest market for the generating equipment.

"The expansion of renewable energy is associated with temporary investment costs," said Guenther Cramer, president of the BSW association, in an e-mailed statement.

Germany, Europe's largest economy, implemented a system of feed-in tariffs more than a decade ago to support the expansion of solar and wind power. The policy is based on consumers paying higher rates to subsidize technologies such as photovoltaic panels that cost more to generate electricity without emissions.

About 86 percent of Germans consider a transition to 100 percent renewable energy "important" or "very important," environment group Greenpeace said today in an e-mailed statement. Half of the country's households are prepared to pay "more" for renewable energy, the group said, citing a study by TNS Emnid GmbH, a polling company.

The four high-voltage power grid operators in Germany are 50Hertz Transmission GmbH, Amprion, EnBW Transportnetze and TenneT Holding BV.


Source: http://www.bloomberg.com/ne...

OCT 15 2010
http://www.windaction.org/posts/28423-german-electricity-costs-may-rise-next-year-renewable-subsidy-leaps-72
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