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German EEG levy jumps 8.3% as Energiewende costs reach €24bn

German EEG levy jumps 8.3% as Energiewende costs reach €24bn

The levy German power consumers pay on their electricity bills to finance the build-up of renewables (EEG surcharge) next year will jump by 8.3% to €0.0688 ($0.0758) per kilowatt hour of electricity consumed, re-igniting a heated debate on the cost of the country’s energy transition.

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