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Global Trade Alert

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United Kingdom: Government awards financial assistance to Octopus Energy to support renewable electricity generation

Description

On 5 November 2024, the UK Department for Energy Security and Net Zero approved state aid of GBP 16.7 (USD 21.6) million for Octopus Energy. The funding was provided through the buy-out fund of the Re...

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Intervention Details

Intervention Type

Production subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Nov 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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