Germany's deficit on green levy account narrows to EUR 900m in H1 2013 - report

Jul 8, 2013 - Germany's account on renewable energy levy improved to a negative EUR 900 million (USD 1.2bn) at the end of June 2013 from EUR 2.69 billion in the red at the end of 2012, news platform Euwid reported Friday citing data from grid operators.

The improvement resulted from a surplus of EUR 1.8 billion for the six-month period. Inflows stood at EUR 10.9 billion, of which some 90% was generated by the levy payments and some 10% came from electricity sales on the spot market. The expenses related to feed-in tariffs amounted to EUR 6.2 billion, while another EUR 2.8 billion were spent on premium payments for direct marketing of green electricity.

June alone, ended in a deficit of EUR 396 million, which resulted from costs of EUR 2.2 billion and inflows of EUR 1.8 billion.

(EUR 1=USD 1.283)

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