Tag Archive for 'EEG 2.0'

Renewable Surcharge Account Balance Increases Despite High Support for Renewables in October

A profit of EUR 240,034,550.82 in October 2014 lead to an increase of the positive balance on the Renewable Surcharge Account (EEG account) to EUR 1,620,779,488.03, the transmission system operators (TSOs) informed. In September the account had recorded a deficit of EUR -125,415,042.33. Yet spending in support of renewable power plants was much higher in October 2014 than a year before (2014: EUR 1,661,461.407.60; 2013: EUR 1,040,142,485,48). Consequently the October 2013 profit was much higher, amounting to EUR 715,283,198,03.

Continue reading ‘Renewable Surcharge Account Balance Increases Despite High Support for Renewables in October’

EUR 125 Million September Deficit on Renewable Surcharge Account – Yet 1.4 Billion Surplus Before Upcoming 2015 EEG Surcharge Announcement

Shortly before the transmission system operators (TSOs) will announce the 2015 renewable surcharge (EEG surcharge) on 15 October, they informed that the positive balance on the Renewable Surcharge Account (EEG account) fell from EUR 1,506,159,979.54 to EUR 1,380,744,937.21 due to a negative balance of EUR -125,415,042.33 in the month of September.

Continue reading ‘EUR 125 Million September Deficit on Renewable Surcharge Account – Yet 1.4 Billion Surplus Before Upcoming 2015 EEG Surcharge Announcement’

Study: Up to EUR 187 Billion EEG Induced Extra Costs by 2030?

The EEG surcharge consumers have to pay in support of renewable energy sources will rise further, a study by Ifo Institute for Economic Research on behalf of the Association of Family Businesses (Die Familienunternehmer) concludes. The study calculates EEG related extra costs arising because the European Emissions Trading System (EU ETS) is supplemented in Germany by the EEG that promotes renewable energy sources. Extra costs are in the range of EUR 114 to 187 billion by 2030, not including costs incurred in the past and without saving one additional gramme of CO₂, the study says.

Continue reading ‘Study: Up to EUR 187 Billion EEG Induced Extra Costs by 2030?’

EUR 442 Million August Profit on Renewable Surcharge Account – 1 Billion EEG 2014 Cost Reduction between July and August?

The TSOs reported a profit of EUR 442,832,426,76 for August 2014, leading to an increased positive balance on the Renewable Surcharge Account (EEG account) of EUR 1,506,159,979,54. This would be the first positive balance for the month of August, and is quite puzzling because of the important share of PV input. The situation gets even more surprising when looking at the total monthly expenses in August that are more than EUR 1 billion below the July figures. However, it appears as if the drastic reduction is due to a delayed payment flow reason, and not due to dramatically reduced EEG costs.

Continue reading ‘EUR 442 Million August Profit on Renewable Surcharge Account – 1 Billion EEG 2014 Cost Reduction between July and August?’

Temporary Suspension of EEG Surcharge Payment Obligations for Self Consumed Electricity

After the latest revision of the EEG, electricity producers who consume their self-generated power (auto-generators) in principle also have to pay the EEG surcharge. As the government has not yet issued an ordinance containing further details on payment and notification obligations, the TSOs informed that for the time being auto-generators payment and notification obligations are suspended.

Continue reading ‘Temporary Suspension of EEG Surcharge Payment Obligations for Self Consumed Electricity’

BNetzA Starts Installation Register for Renewables

The Federal Network Agency (BNetzA) has today started its register of renewable power plants.

Continue reading ‘BNetzA Starts Installation Register for Renewables’

EEG 2014: The New Monthly Reduction Regime for Solar

The new EEG 2.0 introduces new provisions on the regular monthly reduction of support for PV installations as of 1 August 2014. For September we will have a fixed degression of 0.5%. As of 1 October degression will be modified quarterly based on the installed capacity of PV installations in relation to the new target corridor.

Continue reading ‘EEG 2014: The New Monthly Reduction Regime for Solar’

German PV Feed-in Tariffs/Marketing Premium Support Basis to Increase in August

This may come as a surprise for many, but the new EEG 2.0 will lead to increased feed-in tariffs/marketing premiums for newly completed PV installations as of 1 August 2014.

Continue reading ‘German PV Feed-in Tariffs/Marketing Premium Support Basis to Increase in August’

EEG 2.0: Package Published Today in Federal Law Gazette

The Act amending the Renewable Energy Sources Act (EEG) and further acts and ordinances that (mainly) relate to energy law has today been published in the Federal Law Gazette.

Continue reading ‘EEG 2.0: Package Published Today in Federal Law Gazette’

EEG 2.0: Commission Approves EEG 2014 Paving Way for Entry into Force in August

The European Commission has found the amended German Renewable Energy Source Act (EEG 2014 or EEG 2.0) to be in line with the Energy and Environmental State Aid Guidelines adopted in April 2014 “The EEG 2014 will further EU environmental and energy objectives without unduly distorting competition in the Single Market”, the Commission said, paving the way for the entry into force of the Act on 1 August 2014. Approval has, however, been partially limited in time.

Continue reading ‘EEG 2.0: Commission Approves EEG 2014 Paving Way for Entry into Force in August’