EU extends some help in opposition to excessive power prices by 6 months | EUROtoday

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The EU Commission is extending by 6 months some sections of the momentary framework on state help in opposition to excessive power costs, put in place after the struggle in Ukraine.

The interval by which the helps allowed to the States should finish to cowl the following winter heating interval has been postponed, the place a rise within the ceilings can also be anticipated. And the timing of help to compensate for prime power costs is prolonged to 30 June 2024. However, the measures on liquidity assist with state ensures and sponsored loans to assist the discount in electrical energy demand is not going to be prolonged past the top of 2023.

The EU government eased state help guidelines in March final 12 months after 1000’s of corporations have been hit by struggle in Ukraine, saying the simple regime would finish in December this 12 months.

“(This) will allow Member States, where necessary, to extend their support schemes and ensure that companies still affected by the crisis are not cut off from the necessary support in the next winter warming period,” the Commission stated in a communicated.

Meloni happy: our requests have been accepted

«We welcome as we speak’s resolution by the European Commission to increase a few of the measures offered for by the Temporary Crisis and Transition Framework for State help till the top of June 2024. The European Executive thus accepts the request, introduced ahead initially by Italy, to permit a section of gradual and sustainable exit from the assist measures adopted by the Government in current months”. Prime Minister Giorgia Meloni declared it