Tuesday, October 19, 2010

Green Subsidies: Price Shock For German Electricity Customers

Next year, German households are in for a big price shock: the renewable energies levy, which every household in Germany has to pay as part of their electricity bills, will increase by over 70 per cent to 3.5 cents per kilowatt hour. This was announced by the German network operator on Friday. For an average household this will mean additional costs of around 10 € a month, according to the Federal Environment Ministry.

An end to the price spiral, which is caused by the subsidies for green electricity, is not in sight.

Full article here.

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