“Rethinking the cost of going green”
Handelsblatt Global Edition
German energy companies are calling for a re-evaluation of how Germany finances green energy to cope with the problem of rising costs, write Dana Heide, Franz Hubik and Jürgen Flauger for Handelsblatt Global Edition. “We need a fundamental reform of energy taxes and fees,” said utility E.ON’s CEO Johannes Teyssen at the Handelsblatt’s annual energy industry conference. Taxes and fees make up just 27 percent of the price of natural gas and oil, compared to 54 percent for green electricity, said innogy CEO Peter Terium at the same conference. This puts renewable energy sources at a disadvantage, for example in the heating market, he argued.
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