BERLIN (Reuters) – Germany’s economy ministry wants to begin skimming off electricity providers’ windfall profits retroactively from November, according to a draft paper seen by Reuters.
Only plants with output of more than one megawatt would be affected, and storage, hard coal, gas and biomethane would be excluded, according to the proposal from the ministry.
The draft paper proposes skimming off 90% of reference revenues plus a surcharge of 3 cents per kilowatt hour on the spot market. Renewables can keep a further 4% of the monthly base price, said the paper seen on Wednesday.
(Reporting by Markus Wacket, Writing by Miranda Murray; Editing by Madeline Chambers)