Germany Needs to End Renewables Aid Earlier, Pfeiffer Says
This article is for subscribers only.
Germany should end its clean-energy subsidy system early to reduce costs and contain rising power prices that threaten industries, according to a senior lawmaker in Chancellor Angela Merkel’s governing coalition.
The government should bring forward plans to auction off aid for new projects and force owners of clean-energy plants to sell power on the market, Joachim Pfeiffer, energy policy spokesman for Merkel’s Christian Democratic Union, said today. Germany currently intends to introduce the measures in 2017.