Global Trade Alert
Global Trade Alert

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

Announcement

05 Nov 2024

In November 2024, the UK government approved financial assistance to Ovo Energy to support renewable electricity generation.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

05 Nov 2024

Revocation date:

No revocation date

Updated: 05 Nov 2024
Production subsidy In force

On 5 November 2024, the UK Department for Energy Security and Net Zero approved state aid of GBP 18.4 (USD 23.8) million for Ovo Energy. The funding was provided through the buy-out fund of the Ren...

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