Tag Archive for 'Climate Levy'

Climate Reserve Agreement on Closing 2.7 GW of German Lignite Fired Power Stations – Expected Closure Costs EUR 1.61 Billion

The Federal Ministry of Economic Affairs and Energy (BMWi) said that an agreement has been reached with the lignite power station operators Mibrag, RWE and Vattenfall on putting 2.7 GW first into a special reserve and then later close the plants down. Minister Gabriel considers this to be important for reaching Germany’s climate targets.

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Government Scraps Climate Levy – Agreement Also on Grid Expansion, Nuclear Power and Energy Efficiency

Yesterday the government announced what it called a milestone decision for the German energy transition towards renewables and its CO2 savings goal. The government agreed to scrap its controversial (in our view unlawful) plans to impose a climate levy for conventional power plants to save CO2. Instead some of the oldest coal-fired plants with a capacity of 2.7 GW shall become back-up plants. Besides the government wants to promote energy efficiency, speed up grid expansion and ensure that the decommissioning provisions made by the nuclear power operators cover Germany’s nuclear exit costs. Costs for consumers still remain largely unclear. Information regarding state aid implications was also not provided.

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Reportedly Alternative Proposal to Controversial Climate Levy – Government Decision on 1 July?

Reports are increasing about an alternative proposal for the controversial climate levy. A a number of coal-fired power plants shall allegedly be made part of a pool of back-up power plants, for which the operators would receive a remuneration. The government is to decide on 1 July, various media sources say.

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