Bloomberg the Company

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

Follow Us

Industry Products

Germany’s Power Grid Fee Exemptions for Companies Probed by EU

Don't Miss Out —
Follow us on:

March 6 (Bloomberg) -- Germany’s power grid fee exemptions for companies that use large amounts of energy are being probed by European Union regulators over concerns that they may be illegal government subsidies.

The European Commission said it would investigate the fee waiver for large electricity customers, worth 300 million euros ($391 million) last year, following complaints from consumer groups, energy companies and others, according to an e-mailed statement today. The waiver is financed by a levy paid by other consumers.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.