Mon, 28 Jan 2013 12:52 GMT
By Markus Wacket
BERLIN, Jan 28 (Reuters) - Germany plans to cut electricity prices for consumers - just ahead of September's national elections - by sharing the cost of the switch to renewable energy more evenly with companies. Environment Minister Peter Altmaier said laws would be passed by Aug. 1 this year capping increases in subsidies to renewable power producers for two years and allowing feed-in tariffs to new installations to be suspended for a few months.
"It is not acceptable that electricity consumers should keep bearing all the risk of the future costs on their own," the minister, who is from Chancellor Angela Merkel's conservative Christian Democrats (CDU), told reporters. Altmaier's proposal would need the approval of the economy ministry, run by the conservatives' Free Democrats (FDP) allies, as well as the support of Germany's 16 federal states, many of which are run by the centre-left opposition. To Read More.......
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