Payment Scheme
The EEG also differentiates between technologies such that each renewable energy source (RES) receives a different payment guaranteed price according to its generation cost, ranging from 3.58 - 9.67 €-Cents per kilowatt-hour for hydropower to 35.49 – 51.7 €-Cents per kilowatt-hour for solar power (Rickerson, et al., 2007; Hirschl, 2008). Solar power recompense in the first half of 2011 ranges from 21.11 - 28,74 €ct/ kWh depending on installation size and form, with a further decrease of 9% to 15% foreseen in June, 2011.
Read more about this topic: German Renewable Energy Act
Famous quotes containing the words payment and/or scheme:
“Latin America is very fond of the word “hope.” We like to be called the “continent of hope.” Candidates for deputy, senator, president, call themselves “candidates of hope.” This hope is really something like a promise of heaven, an IOU whose payment is always being put off. It is put off until the next legislative campaign, until next year, until the next century.”
—Pablo Neruda (1904–1973)
“Your scheme must be the framework of the universe; all other schemes will soon be ruins.”
—Henry David Thoreau (1817–1862)