The European Commission has cleared the latest modification of a Greek support scheme for renewable electricity and high efficiency cogeneration (CHP) under the European Union (EU) State aid rules. More specifically, it approves reductions granted to energy-intensive companies on a surcharge to finance support for renewable electricity production and high-efficient cogeneration in the country. Indeed, EU State aid rules authorise a certain level of reductions in contributions levied on energy-intensive companies exposed to international trade and used to fund renewable energy support schemes.
Greece provides support to renewable electricity and CHP through the "ETMEAR levy", a surcharge imposed on final electricity consumers based on their power consumption. It was approved by the European Commission in November 2016, concluding that it was likely to increase the proportion of renewable-based electricity and reduce pollution, while limiting distortions of competition due to the state support. It includes state support for renewable power generation installations either through a feed-in tariff (FiT) or through a price premium: facilities with a capacity higher than 500 kW receive a premium on top of the market price over a 20-25 year period.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.