The German energy regulator Bundesnetzagentur has reduced the EEG surcharge, a levy on end power prices to support the expansion of renewable energies, by 43% to €3.72c/kWh. In 2021, the EEG surcharge was already cut by 3.8% to €6.5/kWh. The government will help fund the cut with €3.3bn in revenue collected from carbon taxes. In addition, due to higher electricity prices, the need to subsidise renewables is reduced.
The German transmission systems operators (TSOs) 50Hertz, Amprion, TenneT and TransnetBW anticipate the installation of 8.2 GW of renewable energy capacity in 2022 and a renewable power production increase by 5% to 239 TWh (corresponding to a total annual subsidy volume of €20.1bn after deducting the forecasted revenues on the electricity exchange). This corresponds to a surcharge of around €5.7c/kWh, including €2.5c/kWh for solar PV, €1.4c/kWh for biomass, €0.7c/kWh for onshore wind and €1.1c/kWh for offshore wind.
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