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UBA says recent electricity price hikes excessive
A Federal Environment Agency analysis asserts that some 85 percent of the electricity price hikes between 2000 and 2010 are founded on factors other than the EEG levy. The surcharges currently added to electricity rates cannot be justified by the EEG levy for the increase is matched by considerable cost cuts in power procurement, thanks in part to the development of renewable energies which resulted in a price decline on the electricity exchange. “The EEG is not only crucial and necessary for climate protection, it also makes economic sense. If microeconomic costs only are considered in the promotion of the use of renewable energies, other important factors are ignored: on a macroeconomic scale, renewable energies reduce billions’ worth in damage done to the environment and health. Due to the rising prices of fossil fuels, the cost of producing energy with renewable energies will even prove to be more favourable on the market in the medium term”, said UBA President Jochen Flasbarth. read more
