“Forecast: EEG-surcharge to decrease from 2022 – ‘auctions work’”

Due to the introduction of auctions for renewables support, Germany’s renewables levy (EEG-surcharge) will not increase from 2020, and will then decrease from 2022, according to a forecast by think tank Agora Energiewende,* reports Christian Schlesiger in WirtschaftsWoche. Earlier calculations had suggested the levy would peak in 2023. “We see that the auctions work, but not in the short term,” Patrick Graichen, head of Agora Energiewende, told WirtschaftsWoche. The think tank’s calculations, seen by Clean Energy Wire, forecast the levy at 2.66 cents per kilowatt hour (ct/kWh) in 2035 (6.88 ct/kWh in 2017).

Find the article in German here.

For background read the CLEW factsheets Germany ponders how to finance renewables expansion in the future, Defining features of the Renewable Energy Act (EEG) and Balancing the books: Germany's "green energy account".

*Like Clean Energy Wire CLEW, Agora Energiewende is a project funded by Stiftung Mercator and the European Climate Foundation.