Exiom Group | EU extends probe of ‘eco-levy’ breaks given to German industry
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EU extends probe of ‘eco-levy’ breaks given to German industry

The European Commission said this week it is moving ahead with a probe of financial breaks given to German industry under the country’s green energy law.

European Union Energy Commissioner Gunther Oettinger and Competition Commissioner Joaquin Almunia earlier this year had started a preliminary probe of certain aspects of Germany’s Renewable Energies Act, or EEG, a key element of Berlin’s shift away from nuclear power and toward green energy.

Under the provisions of the law, electricity consumers are required to pay a “eco-levy” on their bills to finance the transition, which this year is being raised from 7.089 to 8.463 U.S. cents per kilowatt-hour.

An average household consuming 3,500 kilowatt-hours would face an additional cost of more than $80 per year, including value added tax.

However, energy-intensive industries such as steel, aluminum and chemicals since 2003 have been granted exemptions from the surcharges in the name of international competitiveness.

vía Solar Daily

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