Looking for funds to support energy-intensive companies

Looking for funds to support energy-intensive companies

The government is in the process of looking for funds from the budget in order to subsidize electricity consumption in energy-intensive industries.

This is necessary as the pressure on such enterprises’ competitiveness began to be felt after the fixed-rate contracts with Public Power Corporation expired in December 2022.

The subsidy will range between 50 euros per megawatt-hour, according to the proposal by the Finance Ministry, and €70/MWh, as proposed by the Environment & Energy Ministry.

For example, the total annual cost of the €50/MWh subsidy for energy-intensive industries would be below €200 million.

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