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Image header Agence Europe
Europe Daily Bulletin No. 13296
Contents Publication in full By article 20 / 34
ECONOMY - FINANCE - BUSINESS / State aid

Commission approves amendment to existing Spanish aid scheme designed to support certain energy-intensive companies

On Monday 20 November, the European Commission announced that it had approved changes to a Spanish State aid scheme initially authorised on 16 March 2022 to support certain energy-intensive companies faced with rising electricity prices resulting from the impact of carbon prices on electricity costs under the European Emissions Trading System (ETS).

In concrete terms, this scheme was implemented to provide eligible companies with compensation between 2021 and 2030 in the form of...

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