The Covid-19 Pandemic has affected the economy of the entire planet and recently the Germany special account for RES is at critical levels
In dangerous situations appears to be the Germany special account for RES with the recent data in July showing a deterioration and recording a historical negative for the first time since 2013, as reflected in the available data of the four transmission system operators (TSOs).
With the share of RES in the country’s electricity generation reaching record levels in the first months of 2020, the country’s RES account out of surplus with 2 billion euros of reserves at the end of January ended up in deficit with minus 2 billion on July 31st.
Please note that the Renewable Energy Act account is used to support RES producers, which has allowed the penetration of renewable energy in all previous years. German consumers finance the account through a charge to the electricity bills.
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According to Clean Energy Wire, the account’s reserves were at a historic high in March 2019 at nearly 6 billion euros.
However, earlier in the year, analysts had warned that the sustainability of the bill is expected to be hit hard due to the negative impact of the Covid-19 pandemic on electricity prices, meaning producers receive a larger share of the fund and that is part of their guaranteed remuneration for renewable energy production.