German Economics Minister Philipp Roesler Tuesday said he is in favor of a quick reform of the country's renewable energies law, in order to contain spiraling costs.
German Economics Minister Philipp Roesler Tuesday said he is in favor of
a quick reform of the country's renewable energies law, in order to contain
spiraling costs.
"We need to address the renewable energies law before the end of this
legislative period" in the fall of 2013, said Roesler, speaking at an
energy conference in
Munich
.
The comments come amid fears that the rapid expansion of renewable
energies--and solar energy in particular--will cause a considerably power price
spike next year. Last year,
Germany
accelerated its shift toward renewable energies and away from nuclear and
fossil energy following the reactor accidents in
Japan
's
Fukushima
power
plant.
Roesler--who is also leader of the Free Democrats, the junior coalition partner
in Chancellor Angela Merkel's government--said that the rapid expansion of
renewable energies is increasingly becoming a driver of power prices, which is
causing additional costs for private households and businesses.
Germany
subsidizes the expansion of renewable energies by guaranteeing fixed prices for
the electricity these facilities produce. The subsidies are paid via retail
power prices, which means that electricity consumers are paying for the
promotion of "green" energy technologies through a renewable energies
apportionment.
Consumer website Check24 said it expects German households to pay around 2.9
billion euros ($3.6 billion) more next year than this year to support the
expansion of renewables.
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