STRANDED COSTS
July 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Commission has finally given EU Member States the green light to help their electricity producers meet expensive 'stranded costs' that were incurred before the power market was liberalised in the late 1990's, although Eurelectric has attacked Brussels for acting too slowly.Whilst approving state aid handouts for this purpose in Spain, Austria and the Netherlands, the Commission has also released guidelines explaining when it might approve other state aid applications for subsidising stranded costs.The move was welcomed by Eurelectric, ...
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