CORRECTED - Germany to raise EGG levy further in 2013

Nov 16, 2011 - German four biggest transmission system operators (TSOs) expect that the German Renewable Energy Act (EGG) levy will increase to between EUR 0.037 (USD 0.05) and EUR 0.047 per kilowatt hour in 2013, according to the medium-term forecast of the TSOs released on Tuesday.

A month ago, power grid operators and the Federal Network Agency officially presented the EEG levy level for 2012, which is set to grow to EUR 0.036 from a current EUR 0.035 per kilowatt hour.

According to the medium-term forecast of the TSOs, the total installed capacity of renewable energy in Germany will stand at 94 GW in 2016, around 91% of which will be attributable to solar and wind power.

A month ago, Germany's Network Agency announced that as of 2012, the feed-in tariff for new photovoltaic (PV) power plants in Germany will be reduced by 15% as compared with its current value. Therefore, operators of power plants to be connected to the grid after January 1, 2012, will be granted between EUR 0.18 and EUR 0.24 per kilowatt hour as the exact amount of the fee will depend on the location and size of the plant.

(EUR 1.0 = USD 1.352)

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