Commission approves EUR 52 million State aid for temporary electricity price relief for energy-intensive companies in Luxembourg
The Luxembourgish scheme supports energy intensive companies by compensating them for a share of their electricity costs. The scheme will last 3 years, and the aid will take the form of a direct grant that cannot bring the price of energy below EUR 50/MWh. The scheme will be open for companies active in economic sectors facing significant risks of relocation. These sectors are listed in the 2022 CEEAG.
The Commission assessed the scheme under Article 107(3)(c) TFEU, the Clean Industrial Deal State Aid Framework (CISAF) and the Middle East Crisis Temporary State Aid Framework (METSAF), jointly. It found that the scheme is necessary, appropriate and proportionate and does not adversely affect trading conditions to an extent contrary to the common interest.
The non-confidential decision will be published under case numbers SA.123868 in the State aid register.