Looking for funds to support energy-intensive companies
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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.
