The EU Commission approves €1.36B Greek scheme to compensate energy-intensive companies for indirect emission costs

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EU Commission, State aid: Commission approves €1.36 billion Greek scheme to compensate energy-intensive companies for indirect emission costs, Press release, 7 February 2023

State aid: Commission approves €1.36 billion Greek scheme to compensate energy-intensive companies for indirect emission costs* The European Commission has approved, under EU State aid rules, a Greek scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading System (‘ETS'). The Greek measure The scheme notified by Greece, with a total estimated budget of €1.36 billion, will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs (so-called ‘indirect emission costs') incurred between 2021 and 2030. The support measure is aimed at reducing the risk of ‘carbon leakage', where companies relocate their production to countries outside

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  • European Commission - DG COMP (Brussels)
    Belgique 1295 contributions 2698665 visites

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European Commission, The EU Commission approves €1.36B Greek scheme to compensate energy-intensive companies for indirect emission costs, 7 février 2023, e-Competitions February 2023, Art. N° 110946

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