Global Trade Alert
Global Trade Alert

Hungary: Financial aid scheme to electricity storage undertakings for efforts to transition to a net-zero economy

Announcement

21 Jun 2023

In June 2023, the European Commission approved a Hungarian state aid scheme to support renewable energy projects with an aim to transition to a net-zero economy.

Source

Sign in to access

Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

21 Jun 2023

Revocation date:

No revocation date

Price stabilisation In force

On 21 June 2023, the European Commission approved a HUF 329 billion (USD 9.76 billion) annual operational support grant scheme by Hungary. The support takes the form of feed-in-tariffs to electricity ...

Sign in to see more
Financial grant In force

On 21 June 2023, the European Commission approved a HUF 108.6 billion (approx. USD 322 million) investment grant scheme by Hungary. The grants will be provided to electricity storage operators for ext...

Sign in to see more

Threads

See all

This state act is not part of any Thread yet.