login
login
Image header Agence Europe
Europe Daily Bulletin No. 11323
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Changes to German renewables law given go-ahead

Brussels, 28/05/2015 (Agence Europe) - On Wednesday 27 May, the European Commission gave the go-ahead to changes to Germany's Renewable Energy Act (EEG 2014).

The EEG 2014, which was initially approved by the Commission under EU state aid rules in July 2014, provides support for the production of electricity from renewable energy sources and from mining gas. It also reduces the financial burden on certain energy-intensive users by lowering their level of payment of the EEG-surcharge, a levy financing renewable energy support. The proposed amendments also allow individual companies active in two sectors, namely forging as well as treatment and coating of metals, to benefit from reduced levels of the EEG-surcharge, provided these companies can demonstrate that, on an individual basis, their electricity costs are at least 20% of their gross value added. Based on information submitted by Germany, the Commission has concluded that the sectors are particularly exposed to international competition, and therefore individual energy-intensive companies active in these sectors are eligible to also benefit from the reductions to the EEG-surcharge. (Élodie Lamer)

 

Contents

ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
SECTORAL POLICIES
EMPLOYMENT
EUROPEAN PARLIAMENT PLENARY
INSTITUTIONAL
NEWS BRIEFS