Average Revenue for Renewable Energy Below 28 EUR/MWh Adds to Higher Renewable Surcharge Prospects for 2014

The four transmission system operators only averaged 27.63 EUR/MWh in June for the sale of renewable energy at the European Energy Exchange.  This low figures supports the view that the renewable surcharge on the electricity prices for German consumers (EEG surcharge) will again rise in 2014.

The renewable surcharge for 2013 amounts to 5.277 ct/kWh (plus 19% VAT), a little less than twice the amount of the sales revenue per kWh in June. According to latest estimates the EEG surcharge  could rise to up to 6.5 ct/kWh.

In June 2013, the TSOs received EUR 178,361,672.24 for 6,455 GWh of electricity from renewable sources. In the same period, they paid out EUR 2,165,722,277.11 for feed-in tarriffs, related premiums and certain transfers.

The latest marketing results for renewable energy have also led to the account balancing the sales revenue and expenses dipping further into the reds. The EEG account started into the year with a minus of EUR 2,691,166,648.46, as last year’s EEG surcharge did not cover all expenses. For 2013, the EEG surcharge increased by 47% to 5.277 ct/kWh. However, the increased EEG surcharge rate only led to a reduction to EUR -385,273,688.86 at the end of April.

Since May, the deficit is increasing again, amounting to EUR -899,545,706.68 in June. Compared with the deficit in June 2012 (EUR -224,227,352.25), this doesn’t bode well for the EEG surcharge for 2014, which will be announced in October 2014 by the TSOs.

Source: EEG-KWK.net (information on renewable energy sold at the EEX; EEG account)

Related posts:

 

9 Responses to “Average Revenue for Renewable Energy Below 28 EUR/MWh Adds to Higher Renewable Surcharge Prospects for 2014”


Comments are currently closed.