Summary

The purpose of this note is to show that in the EU accession countries there is very little likelihood that the recovery of stranded costs will be legally enforceable after the date of EU accession, which is presumably May 2004. Investments in relatively high-cost electric generating facilities, other than those protected by the Directives on electric generation from renewable energy sources or cogeneration, are not likely to be protected from competition with lower-cost generation located in the region encompassing the expanded European Union, Norway ...