December 18, 2018 / 3:20 PM / 6 months ago

EU clears electricity surcharge discounts in Greece

BRUSSELS, Dec 18 (Reuters) - The European Commission said on Tuesday it had approved discounts granted to energy-intensive companies on a surcharge used to support renewable electricity production in Greece.

Greece imposes a surcharge on electricity consumers based on consumption to support both renewable electricity and high-efficiency cogeneration.

EU state aid rules authorise reductions up to a certain level of contributions levied on energy-intensive company exposed to international trade and used to fund renewable energy support schemes. (Reporting by Philip Blenkinsop)

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