High interest rates to entice burghers to help expand the grid

High interest rates to entice burghers to help expand the grid

Federal environment minister peter altmaier (CDU) and economics minister philipp rosler (FDP) presented a key points paper on this in berlin on friday. The "citizen dividend" is intended to increase the acceptance of the affected citizens for the expansion of the network.

Citizens will be able to finance a total of 15 percent of the investment sum through their shares in the transmission line. The deposit should be at least 1000 euro. Priority given to residents of new transmission line projects. A total of 2800 kilometers of new high-voltage power lines are to be built from north to south. The total investment volume – together with an optimization of existing pipelines – amounts to around ten billion euros by the year 2022.

The ministers signed a declaration with the four transmission system operators 50hertz, amprion, tennet and transnetbw, opening up participation in grid expansion to the citizens of dortmund. Rosler stressed: "this is a good day for the implementation of the energy transition."Instead of the previous ten-year planning and construction period for a new high-voltage line, this is to be shortened to four years. For this, the acceptance of the local citizens was decisive, they had an added value through the purchase of shares and fixed returns.

However, the implementation was not allowed to be clarified until after the federal elections. A pilot project has been underway in schleswig-holstein since june – according to martin fuchs, managing director of the operator tennet, there are already thousands of people interested in the project. "The energy turnaround will be successful if it is supported by many stakeholders in the economy and society," altmaier said. This is a further step after burger wind farms and burger solar plants.

Normally, network operators raise money on the capital market, and the investments are refinanced through the network fees in the electricity price. Today, these make up about a quarter of the electricity price and were allowed to rise further due to the expansion of the grid. Additional costs due to the burger participation are to be reimbursed to the affected network operators via the network fees: because they have to pay higher interest rates to the burger than on the capital market. The grunen politician oliver krischer criticized that altmaier had already announced something like this last year and presented a little concrete key point paper shortly before the election. "What is always missing are the deeds following his full-bodied announcements," said krischer.

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