Brussels, 04/06/2008 (Agence Europe) - After an in-depth investigation opened in 2005 (see EUROPE 9067), the European Commission has requested that Hungary end long-term electricity purchase agreements with electricity generators before the end of 2008. Hungary has also to recover from the generators concerned aid paid since it joined the EU in May 2004.
Competition Commissioner Neelie Kroes said, in a press release, that this “is a crucial step in the liberalisation of the electricity...