| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/17/1983 (11.07.17) |
| Publication Date | 11/07/2017 |
| Content Type | News |
|
Background and further information: Hungary notified plans to support electricity from renewable energy sources in April 2017. The Commission found that the scheme would help Hungary increase the share of renewable energy sources in its energy mix. It promotes the integration of such electricity into the market, in line with the Commission's 2014 Guidelines on State Aid for Environmental Protection and Energy, while limiting distortions of competition due to the state support. The scheme, with a yearly budget of up to HUF 45 billion (approximately €146 million), foresees state support either through a feed-in tariff or through a price premium, in line with the Guidelines. The European Commission announced on 11 July 2017 it had found a Hungarian support scheme for renewable electricity to be in line with EU state aid rules. The scheme aims to help Hungary to reduce CO2 emissions whilst preserving competition. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-17-1983_en.htm |
| Subject Categories | Energy, Internal Markets |
| Countries / Regions | Europe, Hungary |
