On 30 September 2014 the deadline for submitting applications for a reduction of the surcharge promoting renewable energy sources in Germany (“EEG-surcharge”) by energy-intensive companies and rail operators ended. The total amount of energy for which applications have been submitted, fell slightly from 119,3 TWh in 2014 to 117,8 TWh, the Federal Office of Economics and Export Control (BAFA) informed. With the reform of the Renewable Energy Source Act that entered into force on 1 August 2014, the requirements had been tightened.
On Wednesday the government adopted an ordinance that regulates details concerning the new Measurement and Verification Act that will enter into force on 1 January 2015. The legal provisions are intended to keep pace with rapid technological progress while at the same time making the rules more flexible thus reducing costs for the industry.
In a move to streamline activities, Essen-based construction company Hochtief is selling its offshore assets to marine contractor and long-term partner GeoSea, a subsidiary of the DEME group, Hochtief informed. The Belgian company with a long tradition in marine engineering, is acquiring all of Hochtief‘s jack-up vessels and work pontoons, including full ownership of the heavy-lift jack-up vessel “Innovation”, one of the largest jack-up vessels in the marine construction industry.
The Renewable Energy Surcharge (EEG Surcharge) for 2015 will be reduced by 1.1% to 6.17 ct/kWh from 6.24 ct/kWh in 2014, the transmission system operators (TSOs) announced today. However, it looks like the underlying core EEG surcharge will increase by 17% from 5.146 ct/kWh to about 6 ct/kWh. Total EEG surcharge payments are estimated to be 21.8 billion EUR.
Shortly before the new Commission will take office, the outgoing Commissioner Günther Oettinger presented a comprehensive report on progress towards the completion of the Internal Energy Market.
If anybody has been wondering why regulating energy is such a difficult and at the same fascinating thing: You may want to have a look at the 2014 Nobel Prize for Economics that just went to the French scientist Jean Tirole for his analysis of market power and regulation.
In today’s session, the Federal Council (Bundesrat) passed a resolution requesting the Federal Government to look into tightening insolvency protection for provisions made for closure, dismantling, and disposal related to nuclear power plants.
The German Federal Statistical Office (Destatis) provided some interesting data on the development of electricity producer prices since January 2000: households +92%, large industrial clients +76% and smaller commercial businesses +79%. For redistributors, prices were down 4%.
In a landmark ruling, the European Commission has today decided that state aid proposed for the new UK nuclear power plant at Hinkley Point is compatible with European state aid rules.