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:
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“Your scheme must be the framework of the universe; all other schemes will soon be ruins.”
—Henry David Thoreau (1817–1862)