Tuesday, June 8, 2021

EU: Commission approves German support for cogenerated electricity

The European Commission has approved, under EU State aid rules, the prolongation and modification of an existing German scheme to support the production of electricity from new, modernised and retrofitted highly efficient cogeneration (‘CHP') plants (except coal and lignite-fired CHP). The scheme (‘Kraft-W√§rme-Kopplungsgesetz' – ‘KWKG 2020'), which is approved until 2026, will further promote energy efficiency, lead to a better integration of cogenerated power into the German electricity market and lower CO2 emissions, without unduly distorting competition.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The German scheme will promote energy efficiency and contribute to further reductions in CO2 emissions, in line with the objectives of the European Green Deal. Compared to the existing German scheme to support cogenerated electricity, the new scheme introduces new features which aim at further ensuring the competitiveness of the tenders through which the support will be granted, as well as at keeping electricity prices low for consumers and incentivising cogeneration plants to operate at times of higher electricity demand, that is when it's needed the most.”


You can read the rest of the piece via the below link:


https://ec.europa.eu/commission/presscorner/detail/en/IP_21_2842

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