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Spain: EUR 6.3 billion production subsidy scheme for fossil fuel-fired power stations

Description

On 8 June 2022, the European Union approved a EUR 6.3 billion (USD 6.8 billion) production subsidy scheme from Spain. The scheme aims to lower the input costs of fossil fuel-fired power stations, with...

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Intervention Details

Intervention Type

Production subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

08 Jun 2022

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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