A PYMNTS Company

EU: Commission reaches deal on Germany green energy

By  |  July 9, 2014

The European Commission announced Wednesday that it has reached an agreement with Germany regarding the nation’s green energy tax rules, which came under the Commission’s spotlight over concerns they were unfairly favoring certain companies.

At a press conference, Commissioner Almunia said the Commission “reached a definitive final agreement” on the matter, though did not elaborate on what the agreement entailed.

The rules fell under Germany’s revamped renewables legislation, which offered some of the largest energy users a tax break. Surcharges added to energy bills are intended to fund green energy initiatives in the nation. EU authorities examined the tax law and its compatibility with state aid rules.

According to reports, the Commission could require Germany to recover taxes from companies that benefitted from the tax breaks.

Full content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.