US EditionEU Clears €1.75 Billion in Compensation for Early Coal Plant Closures in Eastern Germany
18 Articles
18 Articles
The European Commission has approved compensation payments for the coal phase-out in East Germany.
The federal government is allowed to compensate the Leag Group with billions of dollars for the coal phase-out, which was decided by the European Commission. The Leag is driving the energy transition in the East.
In 2024, it indicated that the EU Commission is now making it official: the EUR 1.75 billion compensation planned by the Federal Government for the energy company Leag is in conformity with competition.
The EU Commission has approved a billion-dollar payment from the Federal Government to the energy company Leag. The payment is compensation for the coal phase-out.
The energy company Leag is entitled to receive up to 1.75 billion euros from the state for the coal phase-out. The EU Commission has now declared the aid compatible with competition law – as in the RWE case before.
kreiszeitung.de
Energy companies like Leag get billions from the state to get out of the coal. Is that in line with competition? Yes, the EU Commission ruled.
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