Energy Industry
Industry: Email Alert RSS FeedPREFERENTIAL ELECTRICITY TARIFFS : ITALY ORDERED TO RECOVER 80 MILLION EURO IN AID.
Europe Energy, December, 2007
State aid in the form of a preferential electricity tariff reduces the beneficiary's operating costs and enables it to sell its products at a lower price, thus distorting competition with other EU producers who do not receive the same subsidies. That is the conclusion set out in the European Commission's decision of 20 November establishing the incompatibility with state aid rules of Italian operating aid of around 80 million granted since 2005 to three companies operating in Umbria, ThyssenKrupp (steel), Cementir (cement) and Terni Nuova Industrie Chimiche (chemicals). The EU executive has ordered Italy to recover the aid.
The reduced tariff was introduced in 1962 as compensation for the nationalisation of a hydroelectric power plant. After an initial...
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