June Deficit in Renewable Surcharge Account – 18% EEG Account Cost Increase in First Half of 2014

An EEG account deficit of EUR 112,089,730.49 in June lead to a slightly reduced positive balance on the Renewable Surcharge Account (EEG account) of EUR 1,578,443,876.89 at the end of June, the four German transmission system operators (TSOs) informed. Compared with June 2013 costs for transfer payments to renewable power plant operators, i.e. feed-in tariffs or direct marketing premiums, were about 18% higher.

5,776 GWh renewable power were fed into the grids and had to be sold by the TSOs at the EPEX Spot power exchange, less than a year before (June 2013: 6,455 GWh), but more than in May 2014 (5,663 GWh). Solar input marketed by the TSOs was the highest with 4,276  GWh, again up from 3,747 GWh in May 2014 (June 2013: 4,025 GWh). Wind power input sold by the TSOs decreased to 316 GWh (May 2014: 526 GWh; June 2013: 505 GWh). Input from biomass was down to 969 GWh after 1,134 GWh in May (351 GWh in June 2013). The first six months of 2014 saw total renewable input marketed by the TSOs of 29,144 GWh, compared to 29,633 GWh in 2013.

The average price obtained by the TSOs at the power exchange in June 2014 went up to EUR 32.54/MWh in June after only  EUR 28.31/MWh in May (January EUR 38.20/MWh, February EUR 35.64/MWh, March EUR 27.07/MWh, April EUR 33.05/MWh). In June 2013 the average price was EUR 27.63/MWh.

So far EEG costs in the EEG surcharge account add up to EUR 10,797,641,784.14 by end of June 2014. Compared with costs of EUR 9,138,767,168.52 at the same time in 2013, this means that costs have risen by about 18%. This is somewhat lower than the increase of almost 25% by the end of May. The coming months – with its weather and the effects of the EEG 2.0 – will show whether or to what extent the positive balance of EUR 1,578,443,876.89 will be enough to cover costs, which are higher in the summer months due to more solar input.

Under the Renewable Energy Sources Act (EEG) renewable power input into the German grids is supported by transfer payments such as feed-in tariffs or direct marketing premiums paid in addition to the revenue obtained by the sale of renewable energy that is effected by renewable power plant operator themselves. The so-called EEG account balances the expenses for renewable transfer payments to renewable power plant operators against the revenue obtained from the sale of the renewable energy at the EPEX Spot power exchange by the TSOs and the so-called EEG surcharge, which electricity consumers have to pay in support of the EEG transfer payments.

Source: www.netztransparenz.de

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