← All news

EU Commission approves Hungarian support scheme

Monday, 17 July 2017

The European Commission has approved the new Hungarian support scheme stating that it is in line with EU energy and climate goals, whilst preserving competition.

After receiving notifications of Hungary’s plans to support electricity from renewable energy sources in April 2017. In their remarks, the Commission said that the scheme will 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.”

Margrethe Vestager, Commissioner responsible for competition policy, commented: "We want to make progress towards clean energy for the sake of our environment but also for European economic growth. The Hungarian support scheme will increase the share of green energy in Hungary's energy mix, whilst preserving competition in the e...

Interested in Green Certificate pricing, insights and analytics?

Contact us to get a free trial.