Germany’s economy minister envisages curbing the support price paid for electricity from solar and wind power generators by about a third by 2015, according to a recent draft proposal.
Under the draft proposal, the feed-in tariffs for renewable power generators will be slashed to an average of 12 cents per kWh by 2015 from 17 cents/kWh currently. Moreover, the capacity of onshore wind and solar power plants have to be cut to 2,500 megawatts per year, while offshore wind parks will be bolstered by 6,500 megawatts to 2020. Meanwhile, the bioenergy generation capacity will be expanded by 100 megawatts a year.
The green subsidies represent a burden for households, whose bills have almost doubled to an average of =.30 euros per kilowatt-hour (kWh) of energy over the past ten years to become some of the highest in Europe. Germany, which is biggest economy in the Europe, is facing now a difficult situation, as the nation decided to dismantle of its nuclear power plants by 2022, a move prompted by Chancellor Angela Merkel after the Fukushima nuclear disaster. [emp]