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Economic Analysis and Evaluation of the Effects of the Renewable Energy Act (EEG)
Summary
The support of electricity generation from renewable energy sources (RES) in Germany thus far has been very effective. The 2010 target of a 12.5% share of renewable energy in electricity generation, which had been agreed upon in the European framework, was reached three years early in 2007. Beyond the increasing share of RES in electricity generation, additional economic aspects are relevant for the evaluation of the German support policies. Among these are the costs and benefits of the support as well as indirect effects on quantities and prices in the respective markets.
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