Austria: Electricity providers to sue Vienna council?

Article Abstract:

Electricity providers in Vienna are considering suing the City of Vienna Council because its subsidy to electricity company Wienstrom will provide it with an unfair advantage. The city council is to charge all electricity users in the city an extra Sch 0.1 per kilowatt hour, and the resulting Sch 900mn per year will go to Wienstrom to subsidise a more environmentally-friendly way of producing electricity - a sum which regulators and competition believe is twice as much as is necessary. Wienstrom is to reduce its electricity prices from 1 November 2001 with the result that all Viennese electricity users will have to pay the extra charge but only Wienstrom customers will get a discount on electricity prices. Wienstrom's competitors are considering taking Wienstrom and the city of Vienna to the European Court because they belive the subsidy represents unfair competition.

Government domestic functions

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AUSTRIA: EU OKAYS PAYMENTS FOR COAL-FIRED POWER PLANT

Article Abstract:

The European Commission is expected to decide that Austria is entitled to compensation payments for so-called stranded costs for energy projects. Austria had claimed a total of more than Sch 8bn of power plant investments which can no longer be recovered due to the energy market liberalisation. Verbund's coal-fired power plant in Voitsberg, for which Sch 2.4bn had been claimed, should be entitled to almost Sch 1.8bn (to be financed by electricity consumers in the coming decade). The Freudenau hydro power plant, for which Sch 5bn had been claimed, will probably get nothing as its existence is not at stake in the EU's opinion.

Resources, Environment & Energy, Administration of Air and Water Resource and Solid Waste Management Programs, Hydroelectric Power, Hydroelectric Power Generation, Fossil Fuel Electric Power Generation, Coal Thermal Electric Power, Natural resources, Coal fired power plants

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Austria: Fight over energy subsidies

Article Abstract:

The Austrian Economics Minister plans a minor change in the country's constitution, which would give the federal government more control over electricity subsidies. So far the population of Vienna has to pay electricity subsidies, which are considered inappropriately high by the regulator of the domestic electricity market, Walter Boltz and several other organs involved. Although a change in the constitution would involve a cut in the states' powers, it is not unlikely to happen. Even the , SP, is supporting the project of the conservative federal government.

Energy industries, Energy industry

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