Handelsblatt Exclusive

Energy Costs Shock

lightning resized Thunder Bolt dark skies wind power mills source Julian Stratenschulte DPA 37457636
Germany is producing too much electricity from wind mills in the north for the grid to transport across the country. Julian Stratenschulte / DPA
  • Why it matters

    Why it matters

    Higher electricity costs will hit consumers’ spending power of consumers and companies’ profitability, potentially hurting economic growth and Germany’s competitiveness.

  • Facts

    Facts

    • Germany aims to phase out all nuclear energy in the country by 2022 and draw at least 80 percent of energy from renewables by 2050.
    • Consumers and companies pay a surcharge on their electricity bill to fund the expansion of solar, wind and other renewable energy sources.
    • The levy has been rising over the past years as renewable energy production increased faster than expected.
  • Audio

    Audio

  • Pdf

Additional costs to cover the Germany’s shift to renewable energy could far exceed government estimates, according to a new study, with grid charges also set to rise.

Electricity consumers in Germany are on the hook for billions of euros in additional costs to cover the country’s continued shift toward renewable sources of energy in coming years.

Grid operators are finalizing their 2017 consumer surcharge for renewable energy to present to Economics Minister Sigmar Gabriel on Oct. 14. Currently set at 6.35 euro cents, or 7.12 U.S. cents, per kilowatt-hour, the surcharge is poised to rise to approximately 7 euro cents next year, according to power industry sources.

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