The European Commission has approved Latvia’s plans to partially compensate energy-intensive users for charges incurred to support renewable energy, it said on Wednesday.
The Latvian compensation plan has a yearly budget of around €95 million ($106.31 million) and will supply around 100 users covering the period from 2016 to 2021, according to the commission.
"The commission concluded that the scope of the beneficiaries under Latvia’s plans meet the criteria under [state aid] guidelines. The measure enables Latvia to strike a balance between guaranteeing support to renewable energy...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up