As per the Statement on Energy by President von der Leyen issued on September 7th, 2022:
“The fourth point is addressing the energy utility companies that must be supported to be able to cope with the volatility of the markets. Here, it is a problem of securing futures markets. And for that, liquidity is needed. These companies are currently being requested to provide unexpected large amounts of funds now, which threatens their capacity not only to trade, but also the stability of the futures markets. It is a liquidity problem. Therefore, we will help to facilitate the liquidity support by Member States for energy companies. We will update our temporary framework and enable thus state guarantees to be delivered rapidly”.
Cleary posts:
- November 28, 2023: Commission extends the temporal scope of certain provisions of the Temporary Crisis and Transition Framework
- July 11, 2023: The Belgian State and Engie Reach an Agreement for the Prolongation of Two Nuclear Plants
- July 6, 2023: France Introduces Its “New Green Industry Investment” Tax Credit
- January 13, 2023: Commission approved the €1.1 billion Danish scheme to support carbon capture and storage initiatives
- December 22, 2022: The largest aid approved so far by the Commission: The €49 billion German scheme to support the economy in the context of Russia’s war against Ukraine
Relevant links
January 2023:
November 2022:
- State Aid EU Response to the Energy Crisis Through State Aid Measures
- Communication from the Commission Temporary Crisis Framework for State Aid measures to support the economy following the aggression against Ukraine by Russia
October 2022:
September 2022: