Capt Worley PE
Run silent, run deep
Generous state incentives for solar, wind and biogas that have driven up prices, now among Europe's highest, would be trimmed from this year under Energy Minister Sigmar Gabriel's much-anticipated proposals.
Gabriel, a Social Democrat who is Merkel's vice chancellor and also economy minister, is mulling a new law encapsulating the energy changes that would take effect from August 1.
Speaking on ZDF public television, he sought to dampen any consumer hopes that the proposals would lead to a reduction in electricity prices, according to early excerpts of the interview to be broadcast Sunday.
"Falling electricity prices there will not be, but we will finally put the brakes on the increase," Gabriel told the "Berlin Direkt" programme.
http://www.newsdaily.com/environment/8a1737eebad940001782ff2cd65d93d4/germany-eyes-swift-cuts-in-renewable-energy-subsidies