Germany’s EEG account with significant losses
Post date: 12/05/2023 - 17:06
The balance on the account managed by the German transmission system operators for income and expenses from the marketing of electricity subsidized under the country’s Renewable Energy Law (EEG) fell further in April. At € 13.07 billion ($ 14.29 billion) it was around € 880 million lower than a month earlier. Without the support payments totaling € 10.8 billion made by the German government until 2021, the balance would currently be € 2.27 billion.
Moreover, after its first year-on-year minus in two years at the end of march, the account balance is now already € 2.12 billion lower than in April 2022. However, this is largely due to the fact that the account received above-average income at the time because of the very high electricity exchange prices.