EEG (Renewable Energy Sources Act)

The EEG (Renewable Energy Sources Act) is a German law designed to promote the development of renewable energy, like wind and solar power. It ensures that energy producers using renewables receive guaranteed, priority access to the electricity grid and fixed payments or tariffs for the electricity they generate. This creates a stable investment environment, encouraging the expansion of clean energy sources, reducing reliance on fossil fuels, and supporting Germany's climate and energy transition goals. The law also sets mechanisms for cost recovery and adjusting tariffs over time, balancing support for renewables with system stability and fair electricity prices.