Brussels OKs support for energy-intensive users in Latvia

The European Commission has approved Latvia’s plans to partially compensate energy-intensive users for charges incurred to support renewable energy.
By Staff reporter 24 May 2017 0 26048

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...

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