Ordinance on the Reduction of the Burden Related to the Costs for Energy from Renewable Sources

Ordinance on the Reduction

The European Commission has approved the measures to reduce the costs for green energy of large industrial consumers.

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More than 200 Bulgarian energy-intensive companies will receive approximately BGN 500 million in state aid up to 2020. The aid will be used according to the Ordinance on the Reduction of the Burden Related to the Costs for Energy from Renewable Sources which is to be promulgated after its publication in the Official Journal of the European Union. The Ordinance will enter into force retroactively as of 1 August 2015 and will be effective until 31 December 2020.

To see which companies will be able to benefit, what they need to do in this regard and how KPMG can provide support, please see our summary (in Bulgarian).

© 2017 KPMG Bulgaria OOD, a Bulgarian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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