Capitals can subsidise industry energy bills under new EU state aid rules

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Club 500 welcomes the European Commission's decision to adopt a new state aid framework to support industry, which replaces the current crisis and transitional framework. Tibor Gregor, Executive Director of Club 500, said this in response to Wednesday's announcement that the EC had approved state aid for large companies to reduce electricity costs. Gregor recalled that the new mechanism allows energy-intensive companies to receive a discount of …