October 11, 2018 / 9:00 AM / 2 months ago

German consumers can expect green power surcharge to fall in 2019-BEE

FRANKFURT, Oct 11 (Reuters) - A surcharge levied on German consumers to support renewable power will likely fall by 4.2 percent in 2019, helping relieve end customers’ bills, renewable energy lobby group BEE said on Thursday.

The surcharge under the renewable energy act (EEG) could amount to 6.51 euro cents ($7.52 cents) per kilowatt hour (kWh) in 2019 after 6.792 cents applied in 2018, BEE said in a statement.

It cited higher prices for mandatory European carbon emissions permits that have rallied this year after EU reforms to CO2 trading, which have driven wholesale power prices higher.

This allows renewables producers to achieve higher revenue and retrieve lower subsidies.

The country’s four network operators (TSOs), which collect the fee, are due to deliver a statement on the widely watched instrument next Monday, but BEE’s advance predictions have in the past proved to be close to the outcome.

($1 = 0.8660 euros)

Reporting by Vera Eckert; editing by Thomas Seythal

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