Press release: State aid: Commission approves compensation to energy-intensive companies in Luxembourg for indirect emission costs

The European Commission has approved, under EU State aid rules, a support scheme to compensate energy-intensive companies in Luxembourg for higher electricity prices resulting from indirect emission costs under the EU Emission Trading Scheme (ETS). The scheme will cover the period 2017-2020, with an overall budget of up to €60 million. The measure benefits companies active in sectors facing significant electricity costs and which are particularly exposed to international competition. The compensation will be granted through a partial refund of electricity costs to eligible companies. The objective of the measure is to avoid an increase in global greenhouse gas emissions due to companies relocating to countries outside the EU with less stringent environmental regulation. More information will be available on the Commission’s competition website, in the public case register under the case number SA.51097. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Giulia Astuti – Tel.: +32 229 55344)

Source: European Commission

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. Cookies help you create your Policy Newsfeed for example. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close