“Subsidy system of the Renewable Energy Act should be abolished”

The economically liberal Free Democratic Party (FDP) will push for a market-oriented system to pay for renewable energy, and wants to get rid of the Renewable Energy Act (EEG) and the surcharge for renewables on consumer power prices, Hermann Otto Solms, a member of the FDP negotiating team in the ongoing coalition talks, writes. Solms says the renewables surcharge is a subsidy that costs consumers – and small- and medium-sized businesses in particular – billions. The FDP also wants to reduce the electricity tax.
The possible coalition parties (CDU/CSU, FDP and Green Party) will discuss energy, climate and the environment in exploratory talks on Thursday, 26 October.

Read the statement in German here.

For the latest developments in the coalition building process click here.