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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.