Policy & Regulation

Brussels OKs Hungary’s support for renewables

The European Commission has found a new Hungarian support scheme for renewable electricity to be in line with EU state aid rules, it said on Tuesday.
By Staff reporter 12 July 2017 0 26727

The European Commission has found a new Hungarian support scheme for renewable electricity to be in line with EU state aid rules, it said on Tuesday.

Hungary notified the commission of its plans to support electricity from renewable energy sources in April 2017.

The scheme, with a yearly budget of up to HUF 45 billion ($167.6 million), will support power production from renewable sources through either a feed-in tariff or a price premium.

It will be financed through a support levy currently in place in Hungary and will...