US EditionEU Set to Change Subsidy Rules for Energy Costs
- Brussels will approve a new clause allowing EU countries to subsidize up to 50% of half of firms' power consumption until 2030 to address energy costs.
- This change follows pressure from Germany and France and reflects concerns that high energy costs threaten to relocate energy-intensive industries outside the EU.
- The subsidy plan aims to stabilize energy systems, keep industries competitive with Chinese and US firms, and marks a major departure from previous strict no-subsidy rules.
- Teresa Ribera stated that the initiative aims to enhance the reliability, cost-effectiveness, and equity of energy networks while preventing disruptions to the EU’s single market.
- The measure may fragment the single market as smaller states oppose it, but larger countries welcome it as necessary to prevent industrial decline and recession risks.
22 Articles
22 Articles
Brussels allows the controversial industrial electricity price. A new framework for subsidies should free up more money for the climate change. Critics warn of a subsidy orgy.
BRUSSELS Today, on Wednesday 25 June, the European Commission presented measures to facilitate the disbursement of State aid in an effort to decarbonise industry, promote clean energy and develop...
EU Set to Change Subsidy Rules for Energy Costs
National governments in the EU would soon be allowed to subsidize companies struggling with exorbitant energy costs, according to a Politico report suggesting the bloc is about to change its strict no-subsidy rules. The change will be in the form of a new clause in the EU’s guide to low-emission energy growth, dubbed the Clean Industrial Deal State Aid Framework. Said clause is about the provision of “temporary electricity price relief”, Politic…
EU to allow temporary electricity subsidies for industry
EU to allow temporary electricity subsidies for industry June 26, 2025 Posted by: Quatro Strategies Categories: Business & Politics, ESG & Renewable Energy, Europe No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !important;}.vc_custom_1533640275…
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