TNBiz (TNBiz)
Markets  |  July 07, 2012 10:33:46

The European Commission has authorized to provide the Czech Republic from 2013 emission allowances for free

PRAGUE (MEDIAFAX) - European Commission (EC) has decided that the Czech Republic, Bulgaria and Romania from 2013 can continue to provide power companies free emission allowances. Informed the agency said.

"The Commission has made this move on the basis of provisions in the Member States allow some exceptions to general rules, which require electricity sector from 2013 to purchase all allowances at auction or on the market," stated in the preamble to the European Commission.

They have but on condition that the company will have a proportional amount of the value of allowances to invest in further modernization.

Brussels has granted a similar exemption and power companies in Cyprus, Estonia and Lithuania, submitted an application but also Hungary and Poland.

From 2013 until 2019 the plants in six EU countries allocated free over 268 million emission allowances. Most of them falls to the Czech Republic, which, according to Reuters they get more than 107 million.

Tomáš Králíček,

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Evropská komise České republice povolila poskytovat od roku 2013 emisní povolenky zdarma

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