EU adopts rules to tail off green energy subsidies
Rules to push EU countries towards tailing off renewable energy subsidies have been adopted by the European Commission, reports Energy Live News.
New guidelines dictating public support for energy and environmental protection are meant to reduce “serious market distortions”, the Commission said.
Joaquín Almunia, Commission Vice President in charge of competition policy said: ”It is time for renewables to join the market. The new guidelines provide a framework for designing more efficient public support measures that reflect market conditions, in a gradual and pragmatic way.”
He added: “Europe should meet its ambitious energy and climate targets at the least possible cost for taxpayers and without undue distortions of competition in the Single Market. This will contribute to making energy more affordable for European citizens and companies.”