EC Statement: State aid - Commission approves Austrian support scheme for renewable energies ‘2012 Green Electricity Act’
( February 8, 2012, 10:45 GMT | Official Statement) -- MLex Summary: The European Commission has approved an Austrian support scheme for the production of energy from renewable sources, because it creates incentives for the use of renewable energy and contains safeguards to limit distortions of competition.Full statement follows.
State aid: Commission approves Austrian support scheme for renewable energies "2012 Green Electricity Act"
Brussels, 08 February 2012 - The European Commission has found an Austrian scheme to support the production of energy from renewable sources in line with EU state aid rules, in particular because it creates incentives for an increased use of renewable energy while containing safeguards to limit distortions of competition. The scheme is designed to assist Austria in reaching by 2020 the mandatory national renewable energy target set under EU legislation.
The Commission found the proposed support for the generation of electricity from renewable sources in line with the 2008 Environmental Aid Guidelines rules.
The 2012 Green Electricity Act aims at supporting the production of electricity from renewable energy sources. This support will be granted with operating aid in the form of subsidised feed-in tariffs and investment grants. Certain types of green electricity bonuses can also be granted on top of the standard feed-in tariff, for example when electricity and heat from renewable sources are generated in a high efficiency cogeneration installation. The Commission's aim was to ensure that the aid does not lead to an overcompensation of the additional costs linked to the use of renewable sources....
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