An EEG account deficit of EUR 515,116,324.11 in July lead to another reduction of the positive balance on the Renewable Surcharge Account (EEG account) to EUR 1,063,327,552.78 at the end of July, the four German transmission system operators (TSOs) informed. Compared with the status at end of July 2013, costs for the transfer payment system to renewable power plant operators were about 12% higher.
5,207 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 (July 2013: 6,973 GWh) and less than in June 2014 (5,776 GWh). Solar input marketed by the TSOs was the highest with 3,813 GWh, down from 4,276 GWh in June 2014 (July 2013: 4,817 GWh). Wind power input sold by the TSOs decreased to 304 GWh (June 2014: 316 GWh; July 2013: 276 GWh). Input from biomass was down to 860 GWh after 969 GWh in June (July 2013: 1,575). The first seven months of 2014 saw total renewable input marketed by the TSOs of 34,351 GWh, compared to 36,606 GWh in 2013.
The average price obtained by the TSOs at the power exchange in July 2014 went up to EUR 34.47/MWh from 32.54/MWh in June. In June 2013 the average price was EUR 38.58/MWh.
So far EEG costs in the EEG surcharge account add up to EUR 13,261,199,259.96 by end of July 2014. Compared with costs of EUR 11,819,208,279.79 at the same time in 2013, this means that costs have risen by about 12.2%. In the last two months the 2014 end of month costs status was plus 18% respectively 25%.
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 currently EUR 1,063,327,552.78 will turn out to sufficiently contribute to cover costs and to maintain the intended liquidity reserve of EUR 1.9 billion.
To recall: this year’s EEG surcharge of 6.24 ct/kWh is composed of 5.146 ct/kWh of core EEG surcharge (used for the actual transfer payments), 0.512 ct/kWh to build the 10% liquidity reserve (Section 3(7) AusglMechV) and 0.581 ct/kWh of deficit cover based on the (debt) status of the EEG account as of 30 September 2013 (as the EEG surcharge in previous years did not cover the EEG spending). Therefore, if the estimated EEG transfer payments for 2015 would remain stable, the EEG surcharge payment would – for purely technical reasons of calculating the EEG surcharge – have to be reduced from 6.24 ct/kWh to 5.146 ct/kWh (assuming no further back payments and no increase in liquidity reserve), as this is the amount of the core EEG surcharge that actually covers the EEG transfer payments. If the EEG surcharge for 2015 – just to give a number – would come out at 6 ct/kWh, this would look like a reduction at first sight, but in reality would indicate an increase in the underlying core EEG surcharge of over 15%.
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.
- June Deficit in Renewable Surcharge Account – 18% EEG Account Cost Increase in First Half of 2014
- Positive Renewable Surcharge Account Balance Rises Slightly – Almost 25% More EEG Cost in First Five Months
- Positive Renewable Surcharge Account Balance Rises Further – 17.7 TWh Renewables in First Four Months
- EEG Account: Positive Balance Increases – But High EEG-related Payments Due to High Solar Input
- Joint Information By German TSOs on New Website
- Renewable Surcharge Account Deficit Reduced in 2013 – Expenses EUR 19.4 bn for 57.8 TWh
- Renewables Surcharge Account Deficit Shrinks in September and October
- EEG Account: 5,907 GWh of Renewable Energy in August Sold for EUR 37.75 at Expenses of EUR 399.52 per MWh – EUR 540 Million Deficit
- TSO Renewable Energy Transfer Payments Increased in July, Adding to Deficit
- EEG Marketing Quantities Lower at 11.7 TWh in Q1 2013, after 17.9 TWh in Q1 2012
- Consumers Have to Pay 20 Billion in Support of Renewable Energy for 2012