European Commission Approves Auction Scheme for Greece

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The European Commission has found a Greek auction scheme for the production of electricity from renewable sources and high efficiency cogeneration to be in line with EU State aid rules. The scheme will further EU energy and climate goals whilst preserving competition.

Commissioner Margrethe Vestager, in charge of competition policy, said: "Greece will bring down costs for renewable energy with competitive auctions to support renewable electricity generation. This is very good and the scheme will facilitate Greece's efforts to reach its 2020 climate goals." Under the scheme Greece will organise regular, competitive auctions to grant support to renewable energy sources: In 2018, Greece will organise separate auctions... ... More: Official Press Release European Commission

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EU, Europe, European Commission, Greece, state aid, renewable energy, auction