19 billion euros since January: EEG-promotion as expensive as never

The German green energy promotion under the German Renewable energies act (EEG) costs this year, probably as much as never before. The four network operators Am

19 billion euros since January: EEG-promotion as expensive as never

The German green energy promotion under the German Renewable energies act (EEG) costs this year, probably as much as never before. The four network operators Amprion, Tennet, 50Hertz and TransnetBW said on Tuesday, coming in July for approximately € 2.8 billion to the operators of EEG-funded Wind, Solar and biomass plants. The expenditure was again significantly higher than the revenue in the amount of 1.9 billion euros. The resulting shortfall on the so-called EEG account thus rose by a further EUR 0.9 billion now to 2 billion euros.

Niklas wanted professions

editor in the economy.

F. A. Z.

On the account the funding will be charged on a monthly basis, commitments with the proceeds from the EEG-surcharge on the electricity price, with the exception of energy-intensive industry, all consumers pay. The balance is permanently negative, as it was in June, with minus € 1.3 billion for the first time since December 2013, the case is likely to decide the network operator, in coordination with the Federal network Agency, to an increase in the yearly EEG-levy. The decision falls in October. Currently, the levy is 6,756 cents per kilowatt – hour for residential consumers include VAT, a quarter of the price of Electricity.

a negative balance in July is not a special feature. Even in the summer months of previous years, the expenditure exceeded due to the high feed-in of photovoltaic (PV) revenues. This is mainly due to the fact that the expensive PV-Contaminated sites remain in the conveyor system, which were formerly prohibited for a period of 20 years up to 50 cents per kilowatt-hour of compensation; the proceeds from the EEG-surcharge to pay the difference between the paid compensation and the generally lower market value of the injected current.

as the effects of the Corona-crisis in the EEG-balance sheet reflected: The still-below-average power consumption flushes less revenue in the Treasury, and in July for the third month in a row, under 2 billion euros. And, above all, the crisis-induced fall in prices caused to the electricity exchange on the expenditure side, higher differential payments. In sum, the EEG account recorded since the beginning of the year with outflows of almost 19 billion euros. For comparison: In the period from January to July of the previous three years it had been 15 to 16 billion euros.

current customer is not likely to meet this development, however, directly. So, the Federal government had announced in the stimulus package, the EEG levy in the years 2021 and 2022 not on 7 cents, or even higher, but to want to be on 6.5 and 6 cents covers. For this, you want to provide 11 billion euros from the Federal budget. The grant is not, of course, necessary, since the revenue from the new CO2 tax on Gas, Fuel and heating oil, rich differently than planned, in order to keep the EEG-levy constant. What the grants are at the end really necessary, is open. The network operators are wary of a forecast. 50Hertz informed that it was now "much too early to speculate about the levy".

Updated Date: 11 August 2020, 21:19

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