EU plans to grant exceptions in ownership unbundling of energy grids

EU

The EU plans to grant temporary exceptions for new infrastructure projects as part of its plans to unbundle utilities’ ownership of European energy grids, Boersen-Zeitung reported, citing industry sources in Brussels.

The motive behind the exceptions is to maintain incentives to invest in new infrastructure, the report said. The €4 billion ($5.5 billion) gas-pipeline under the Baltic Sea, a joint project by OAO Gazprom, E.ON AG and BASF AG, could be such an exception, it said. The EU’s draft for new energy regulation is to be approved by the EU commission on September 19, but is unlikely to be accepted by the council of ministers due to resistance in France and Germany and the required majority of EU member states, Boersen-Zeitung further reported. It added that the EU’s draft also grants member states the option to transfer grid operations from utilities to an independent operator, instead of forcing utilities to sell off their grids. (Forbes)

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.