EUROPEAN COMMISSION MAY BLOCK GERMAN NON-FERROUS ELECTRICITY SUBSIDY SCHEME
November 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Commission has launched an in-depth investigation into a planned Germany subsidy scheme that would help German non-ferrous metals producers to meet their electricity costs. The German government has announced plans to grant operating aid totalling Euro EUR40 million to energy intensive non-ferrous metal companies, such as those making aluminium, copper and zinc). This would compensate them for higher power prices, created by electricity generators' involvement in emission trading. The European Commission says this could create a ...
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