New EEAG to Come into Force in July

New EEAG to Come into Force in July

The European Commission has adopted the new Energy and Environmental State Aid Guidelines (EEAG), which will come into force in July 2014. The new guidelines will be valid until the end of 2020. In the words of Joaquin Almunia, Commissioner for Competition, these guidelines will pave the way for renewable energy to become an integral part of the marketplace.

One of the primary reasons behind drawing up these new guidelines is that the explosion of growth in renewable energy over the past few years has resulted in significant market distortions. In particular, cost to the end user has increased substantially. The new EEAG guidelines have been drawn up keeping this in mind so that they can help address these issues effectively.

Some of the areas where the new guidelines will have an impact include the European market’s competitiveness, promoting cross border ties for energy infrastructure development and maintenance of adequate electricity generation. The Commission has also attempted to simplify the red tape associated with energy and environmental protection initiatives.

European Corporate Counsel is the author of this article on European union law.

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