Global Trade Alert
Global Trade Alert

Portugal: EUR 2.1 billion scheme to lower electricity prices amid energy crisis

Announcement

08 Jun 2022

In June 2022, the European Commission approved a Portuguese scheme to support fossil fuel-fired power stations in the context of the Russian invasion of Ukraine.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

08 Jun 2022

Revocation date:

31 Dec 2023

Updated: 08 Jun 2022
Production subsidy
On 8 June 2022, the European Commission approved a EUR 2.1 (USD 2.25) billion Portuguese scheme to support electricity producers such as gas-fired power plants and coal power plants. It will allow to ...
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