Austria: Introduction of EUR 100 million grant scheme for the reduction of peak electricity consumption

Announcement

19 Jan 2023

In January 2023, the European Commission approved an Austrian financial grant scheme to support businesses in reducing their electricity consumption in the context of Russia's invasion of Ukraine.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 Jan 2023

Revocation date:

31 Mar 2023

Updated: 19 Jan 2023

Financial grant

On 19 January 2023, the European Commission approved a EUR 100 million (USD 108.2 million) financial grant scheme from Austria. The scheme aims to support Austrian electricity consumers and aggregator...

Related State Acts

24 Mar 2022

EU: Commission adopts state aid Temporary Crisis Framework to provide financial support in the context of the Russian invasion of Ukraine (extended until 2023)

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