Monday, September 22, 2014

Subsidy Costs - Merkel’s Taste for Coal to Upset $130 Billion Green Drive - Bloomberg

Merkel’s Taste for Coal to Upset $130 Billion Green Drive - Bloomberg



Consumers paid 106 billion euros between 2000 and 2013 to renewable energy producers, according to the nation’s four grids. To stem gains, the government cut green subsidies last month by 29 percent on average to 120 euros a megawatt-hour, according to the Economics and Energy Ministry’s website.

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