Germany
needs
to adjust its plans for energy reform to save around 150 billion euros ($196.2
billion) by the year 2030, the chief executive of industrial conglomerate
Siemens AG (SI) said Wednesday.
Peter Loescher sharply criticized rising energy costs, which could threaten
Germany
's
industry-reliant economy.
"High energy prices could erode this solid foundation," he said.
Further, renewable energy must follow the rules of competition, Mr. Loescher
said.
"Levies for renewable energies will reach a new high of roughly EUR16
billion this year. These costs are primarily borne by consumers," he said.
Siemens proposes abandoning a fixed target for renewables and focusing on
reducing carbon dioxide emissions in the future, Mr. Loescher said.
"The country should give greater priority to high-efficiency combined
cycle power plants and wind power," Mr. Loescher said, noting these have
efficiency ratings of over 60%.
Mr.
Loescher was speaking in Berlin.