EU Set to Change Subsidy Rules for Energy Costs ...Middle East

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EU Set to Change Subsidy Rules for Energy Costs
source : OILPRICE ( Middle East ) () 130
National governments in the EU would soon be allowed to subsidize companies struggling with exorbitant energy costs, according to a Politico report suggesting the bloc is about to change its strict no-subsidy rules. The change will be in the form of a new clause in the EU’s guide to low-emission energy growth, dubbed the Clean Industrial Deal State Aid Framework. Said clause is about the provision of “temporary electricity price relief”, Politico, which saw a draft of the revised document, reported. The report noted that Germany…

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