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.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Jun 2023

Revocation date:

31 Dec 2025

Updated: 21 Jun 2023
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 ...

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Updated: 21 Jun 2023
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 electrici...

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