Friday, September 29, 2023

Light reduction changes for large industry will expand support to approximately 1,050 companies from the current 610 companies

Ministry of Industry has proposed to the European Commission Increase in the number of areas benefiting from light reduction and improved conditions to receive assistance, according to advance spanish newspaper,

Royal decree to reform the law of electro-intensive consumers, which is in line with the new EU aid regulation, Over 400 industrial companies to benefit: from 610 at present to 1,050 companies,

Once the executive receives the approval of the European authorities, it will take the royal decree before the Council of Ministers. expected in the coming weeks,

According to the same outlet, the reform includes a Expansion of the number of sectors that the European Union allows to be considered electro-intensive.

He The number of sectors would then go from 62 to 118 or 119., at the request of the National Market and Competition Commission (CNMC). This would already include all extractive industries.

as well as a reduction in the intensity of electricity use required for the gross added value of the company from 10% to 5%, this year 50% consumption in off-peak hours is not exceptionally applied, including companies that Covers all or most of its demand. The range of activities to be expanded between self-consumption and the necessary investments in energy efficiency in accordance with ape,

With these conditions, it is expected to lack 75% fee who are involved in the acquisition of industrial companies for companies “at risk”, and 85% for companies with “significant risk”, confirm the medium. However, these limits can be exceeded under certain conditions and if groups are particularly exposed to the price of energy.

So far, The government had maintained a temporary reduction of 80% toll —which pays for investments in electricity distribution and transmission networks—which is paid for by 610 power-intensive companies. The measure was extended until June 30.

but I know Retains 85% of the bill feeTo which are attached remuneration, system debt and extra-mainland additional costs for regulated renewal.

The executive also announced a revision during the first quarter of 2023 of specific aspects of the power plan in the 2026 horizon to include strategic actions for the industrial value chain at the end of the year.

Nation World News Desk
Nation World News Desk
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