The European Commission has approved, under EU State aid rules, a €10bn Polish scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emissions Trading Scheme (EU ETS). The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2030.
A compensation will be granted to eligible companies through a partial refund of the indirect emission costs incurred in the previous year, with the final payment to be made in 2031. The maximum aid amount per beneficiary will be equal to 75 % of the indirect emission costs incurred. In some instances, the maximum aid amount can be higher to limit the remaining indirect emission costs incurred to 1.5 % of the company's gross value added.
In order to qualify for compensation, beneficiaries have to either implement certain energy audit recommendations, cover at least 30% of their electricity consumption with renewable energy sources, or invest at least 50 % of the aid amount in projects leading to substantial reductions of their installations' greenhouse gas emissions.
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