The European Commission approved, on Monday 31 October, a €3.4 billion Danish subsidised loan scheme to support companies in the context of Russia’s war against Ukraine.
The scheme was approved under the State aid Temporary Crisis Framework.
The subsidised loan system includes: - a payment deferral of the bills for electricity, gas and district heating for all types of companies, administered by energy suppliers; - €29 million in support for energy suppliers covering their administrative costs linked to the payment deferral of energy bills.
For the first measure, the individual loan amount per small and medium-sized enterprise (SME) and large company will cover the liquidity needs respectively for the 12 months and 6 months following the granting of the aid. The energy companies will estimate the liquidity needs based on the requested deferred payments by the eligible beneficiaries. The individual aid amount per beneficiary will not exceed €2 million for electricity and gas bills and €500,000 for district heating bills.
Under the second measure, energy supply companies will be entitled to receive an individual aid amount equal to 15% of their average total annual turnover over the last three closed accounting periods, capped to a maximum of €134,500. (Original version in French by Lionel Changeur)