The
European Commission said on January 4 that the EC has found a Greek auction
scheme for the production of electricity from renewable sources and high
efficiency cogeneration to be in line with EU State aid rules.
According
to the Commission, the scheme will further EU energy and climate goals whilst
preserving competition.
“Greece
will bring down costs for renewable energy with competitive auctions to support
renewable electricity generation,” Competition Policy Commissioner Margrethe
Vestager said. “This is very good and the scheme will facilitate Greece’s
efforts to reach its 2020 climate goals,” she added.
Under the
scheme Greece will organise regular, competitive auctions to grant support to
renewable energy sources.
The
Commission said the EC has assessed the scheme under EU State aid rules, which
require competitive auctions for renewables support since 2017, so as to ensure
that the use of public funds is limited to the minimum and there is no
overcompensation.
According
to the Commission, the Greek auctioning scheme will boost the share of
electricity produced from renewable energy sources, in line with EU
environmental objectives, while any distortion of competition caused by the
state support is minimised.
https://www.neweurope.eu/article/eu-green-lights-greek-renewable-electricity-auction-scheme/