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German renewable support fee seen easing around 1.2 percent in 2018: sources

From Reuters - October 13, 2017

FRANKFURT (Reuters) - A surcharge levied on German consumers to support renewable power will be reduced by around 1.2 percent next year, industry sources said on Friday.

The surcharge under the renewable energy act (EEG) would amount to close to 6.8 euro cents (8.1 U.S. cents) per kilowatt-hour (kWh) in 2018, down from 6.88 cents this year, they said.

The countrys four network operators, which collect the fee, are due to deliver a statement on the widely watched instrument early on Monday.

It comprised just over a fifth of consumers final bills in 2016 and therefore represents the biggest and most symbolic spending block for Germanys Energiewende policy to transition to renewables.

Industry lobbies have predicted a fall, saying funds that are collected continuously to support green electricity are expected to exceed anticipated payouts next year, although there is an ongoing expansion of wind and solar installations.

The eventual cost depends on weather patterns, which determine how much renewable energy is produced and entitled to support from the EEG account.

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