Brussels (Eurotoday) – EU Commission approved a €578 million Romanian scheme to reduce electricity levies for energy-intensive firms.
The European Commission has authorised a €578 million Romanian scheme to lower an electricity levy rate for energy-intensive firms. The levy is planned to boost electricity from renewable energy sources. The scheme strives to mitigate the risk that, due to this levy, energy-intensive companies may relocate their moves to locations outside the EU with less driving climate approaches.
What is the role of green certificates in this scheme?
According to the EU Commission, in 2011 Romania raised green certificates for boosting electricity from renewable sources, under which qualified producers of electricity from renewable energy sources welcome green certificates for each megawatt hour made and supplied to the grid. Electricity suppliers are obliged to buy a mandatory quota of green certificates. The expenses of the green certificates are ultimately handed on to consumers through a levy.
The scheme is desired to lower the levy rate for energy-intensive firms, thus mitigating the risk that the businesses relocate their activities to areas outside the EU with less ambitious climate procedures.
Why did the eu commission approve this €578 million aid?
According to the Commission, it evaluated the scheme under EU State aid regulations, in particular of the Treaty on the Functioning of the European Union (‘TFEU’), which allows Member States to fund the development of certain economic actions subject to certain conditions, as well as under the CEEAG, which permit Member States to grant aid in the form of declines from electricity levies for energy-intensive users.
As a result, the Commission figured that the scheme promotes the development of certain economic activities depending heavily on electricity and is particularly exposed to international competition. The action is necessary and appropriate to assist in fulfilling the European Green Deal objectives.
Moreover, the measure is proportional, as (i) the individual aid amounts do not surpass the maximum aid amount permitted under the CEEAG and (ii) it is determined to sectors listed in the CEEAG. The positive outcomes of the scheme outweigh any possible negative impacts on competition and trade in the EU. On these grounds, the EU Commission endorsed the Romanian scheme under EU State aid rules.
Comments
6 responses to “EU Commission Approves €578 Million Aid Package for Romania”
-
Ah, nothing says “we care about our energy-intensive companies” quite like throwing €578 million at them while pretending to save the planet—because who wouldn’t want to do their part for the environment over a cheeky glass of wine in Bucharest?
-
Ah, splendid! Just when you thought Romania was on the verge of becoming a model of fiscal responsibility, the EU swoops in with a €578 million bail-out, proving once again that if at first you don’t succeed, just throw money at it – it’s like a Euro version of a fairy tale, really, except the magic wand is an energy levy!
-
Ah, yet another €578 million shower of cash from Brussels to Romania—because who wouldn’t want to reduce those pesky electricity bills while keeping energy-intensive companies from playing a game of musical chairs with the EU’s climate policies, eh?
-
Ah, just what Romania needed—€578 million to help energy-intensive firms dodge their green guilt while the rest of us continue to foot the bill for this electric charade; I suppose the EU believes that if we throw enough money at it, renewable energy will magically start paying for itself—cheers to that!
-
Ah, the EU Commission has decided to sprinkle a generous €578 million fairy dust over Romania to help energy-intensive firms dodge the electricity levy—because who needs a competitive edge when you can just throw money at the problem and keep the lights on, right?
-
Well, if €578 million doesn’t scream “let’s help our buddies keep the lights on” while pretending to love the planet, I don’t know what does! Bravo, EU, for putting the ‘fun’ in funding our way to a greener tomorrow! 🌍💸
Last News
Syrian Migrant Smugglers Apprehended in Coordinated Operation in Germany and Serbia
Russia and Ukraine Trade Overnight Strikes; WHO Confirms Warehouse Destroyed
In another incident, a Ukrainian drone attack on the Russian city of Belgorod resulted in the deaths of five people, according to the regional crisis center on Sunday. Acting governor Alexander Shuvayev initially stated that the attack killed three people and injured 25 more, with the
UN Chief Election Commences
Gabriel Attal Accuses Russia of Interfering in French Presidential Election
Attal’s legal representatives informed French media that the complaint, submitted on Friday, addresses “acts of foreign interference, manipulation of information, and fabric
Varta Declares Bankruptcy
German battery manufacturer Varta has submitted four applications to initiate bankruptcy proceedings, as confirmed by a spokesperson for the Stuttgart District Court.
The documents are currently under review by the assigned judge, according to reports from Reuters and DPA at the end of July.
Earlier, Reuters had reported that the Ellwangen-based company would seek bankruptcy protection after its
Russian Strikes on Ukraine Kill 12, Injure Over 80 Overnight
“More pressure is needed with new sanctions to halt the production of these ballistic missiles,” Zelenskyy said on X. He emphasized the necessity of missile
Felix Romuliana
UNESCO’s 2007 inclusion of Felix Romuliana in the World
Sánchez-Meloni Clash Reinstates Borders, Causing Headaches for Tourists
“Italy has the highest number of irregular crossings in recent ye
Dictionary of the Bible
Magyar’s Party Supports Former Supreme Court Head for Hungarian President
Parliament is scheduled to vote on his candidacy next Tuesday. Tisza, which secured a general election win in the spring, holds a two-thirds majority in the chamber, making
Leave a Reply