EC Approves Poland's EUR 10 bln Aid to Energy-Intensive Industry

EU

The European Commission has approved, a Polish EUR 10 billion aid scheme to partially compensate energy-intensive companies for higher electricity prices, local media reported.

The compensation will be granted to eligible companies through a partial refund of the indirect emission costs incurred in the previous year, with the final payment to be made in 2031.

"This EUR 10 billion scheme paves the way for Poland to reduce the risk of carbon leakage for its energy-intensive industries," EC Vice President Margrethe Vestager said in a statement.

In September, the Polish government approved plans to spend PLN 17.4 billion (EUR 3.63 billion) on compensations for energy-intensive firms in relation to energy.

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