German ministers take hard line on renewables

Economics minister Philipp Rösler has backed a harder line on FITs

Germany’s environment and economics ministers have come up with a joint plan to freeze the surcharge on electricity that finances feed-in tariff (FIT) payments – one that raises the prospect of support cuts and possible legal action.

At the insistence of economics minister Philipp Rösler, the proposal foresees even harsher measures for renewable energy producers than suggested earlier by environment minister Peter Altmaier, his partner in Germany’s ruling coalition.

If they pass into law, the measures presented today would have the effect of freezing the renewables surcharge this year and next at its current level of €0.0528 ($0.071) per kWh, bringing annual cost savings of €1.86bn, the two ministers claim.

The joint plan keeps a moratorium already suggested by Altmaier for FIT payments to new plants. But while Log in to read complete article.

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