Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Estonia May End Renewable Energy Supports in 2012: BNS

Don't Miss Out —
Follow us on:

Dec. 18 (Bloomberg) -- Estonia’s parliament may end subsidies for renewable-energy producers from 2021 to simplify the aid system, Kaja Kallas, the head of the parliament’s economic affairs’ committee, told Baltic News Service.

Setting an end-date “is clearer to everyone” than the government-proposed option which would require the Cabinet to annually establish a minimum amount of renewable energy eligible for subsidies, Kallas told BNS late yesterday in an interview. The parliament is due to continue the first of three readings of the bill next month.

The government in October submitted to parliament a draft bill reducing subsidies to green energy producers by 15 percent to 20 percent to cushion the effect of higher electricity prices on consumers.

The changes can be implemented after Estonia gets clearance for state aid from the European Commission, Kallas said last month. An initial plan had called for cutting the subsidies from January.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.