Renewable energy levy may grow in 2014 on sunny Jul - report

Aug 8, 2013 - The sunny weather in July as well as the falling prices on the energy exchange may cause the renewable energy levy in Germany to increase next year, Die Welt reported yesterday citing renewable energy think-tank Agora Energiewende as well as news agency Reuters.

Due to the sunny weather, more solar energy was produced in July. As the feed-in tariff for solar energy is in fixed prices, the sunny weather made the deficit in the levy account swell to EUR 1.75 billion (USD 2.3bn) at the end of July. This is double as much as the deficit in June and is covered by the households via a levy on electricity.

According to Agora Energiewende, the sunny July will boost the levy to EUR 0.0642 per KW/h in 2014, while it was previously expected to be EUR 0.0612 per KW/h. This year, households pay EUR 0.053 per KW/h.

The levy for next year will be officially announced by the grid operators based on the data gathered by the end of September.

(EUR 1=USD 1.335)

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