EU approves Hungarian renewable electricity support scheme

EPA/OLIVIER HOSLET|FILE PICTURE

European Competition Policy Commissioner Margrethe Vestager gives a press conference in Brussels.

The scheme will help Hungary to reduce CO2 emissions, in line with EU energy and climate goals, whilst preserving competition


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The European Commission said on July 11 that the EC has found the new Hungarian support scheme for renewable electricity to be in line with EU state aid rules.

The scheme will help Hungary to reduce CO2 emissions, in line with EU energy and climate goals, whilst preserving competition.

European Competition Policy Commissioner Margrethe Vestager highlighted the importance of making progress towards clean energy to protect the EU environment but also for promoting European economic growth.

“The Hungarian support scheme will increase the share of green energy in Hungary’s energy mix, whilst preserving competition in the electricity market. We approved the scheme today,” she said.

Hungary notified plans to support electricity from renewable energy sources in April 2017. The Commission said the EC 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 EC said.

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