Author (Corporate) | European Commission: DG Communication |
---|---|
Series Title | Press Release |
Series Details | IP/14/2122 (25.11.14) |
Publication Date | 25/11/2014 |
Content Type | News |
Following an in-depth investigation the European Commission concluded on the 25 November 2014 that aid granted for the production of energy from renewable energy sources under the German Renewable Energy Act of 2012 (Erneuerbare - Energien-Gesetz – 'EEG') was in line with EU state aid rules. The Commission also approved the majority of reductions granted to energy-intensive companies on a surcharge to finance the support for renewables. This surcharge was imposed on electricity suppliers and passed on to end consumers (EEG-surcharge). However, a limited portion of the reductions exceeded what was permitted under EU state aid rules. The beneficiaries then had to pay this excess back to remedy the distortion of competition. The recovery only concerned 2013 and 2014. |
|
Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-2122_en.htm |
Related Links |
|
Subject Categories | Energy, Internal Markets |
Countries / Regions | Europe, Germany |