No deal, but Merkel rules out retroactive FIT cut

Protestors lobbying Angel Merkel in Berlin today

Protestors lobbying Angel Merkel in Berlin today

German Chancellor Angela Merkel and state premiers today failed to reach an agreement over government proposals for cuts to support for renewables.

But Merkel made clear that at least a proposal for retroactive cuts to feed-in tariffs (FITs) is off the table – as Recharge first reported earlier this week.

“That’s an important signal and should calm down all those who want to invest in such installations or operate them,” Merkel told reporters after the meeting.

Environment minister Peter Altmaier and economics minister Philipp Rösler in February proposed a series of measures aimed at stopping electricity prices from rising further.

Among them was the additional 1.5%-cut in FITs to already-producing plants, which now won’t go ahead.

Renewables groups and opposition politicians had rallied Log in to read complete article.

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