State aid: European Commission approves six electricity capacity mechanisms to ensure security of supply

State aid: European Commission approves six electricity capacity mechanisms to ensure security of supply

On February 7, 2018, the European Commission has approved under EU State aid rules electricity capacity mechanisms in Belgium, France, Germany, Greece, Italy and Poland. The Commission found that the measures will contribute to ensuring security of supply whilst preserving competition in the Single Market.

In this context, Commissioner Margrethe Vestager, in charge of competition policy, said: “Capacity mechanisms can help to safeguard security of electricity supply, but they must be designed so as to avoid distortions of competition in energy markets.”

Approved electricity capacity mechanisms meet strict criteria under EU State aid rules, in particular the Commission’s 2014 Guidelines on State Aid for Environmental Protection and Energy.

Today Ukraine completes the process of development and approval of a number of by-laws on state aid compatibility.

The list of acts that are developing by the Antimonopoly Committee of Ukraine in accordance with the Law of Ukraine “On State Aid to Undertakings”, and have to be approved by the Government, includes a document on assessment criteria of state aid for environmental protection in Ukraine.

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