The European Commission has approved two schemes implemented in the Netherlands and in Hungary to support companies facing increased energy costs in the context of Russia's war against Ukraine. The two support schemes are in line with the conditions set out in the Temporary Crisis and Transition Framework and will be in force until 31 December 2023.
The €1.4bn Dutch scheme offers direct grants to small and medium-sized enterprises (SMEs), whose purchases of natural gas and electricity amount to at least 7% of their annual turnover for year 2022; grants cover 50% of the eligible cost, up to a maximum of €160,000.
The €1bn Hungarian scheme consists of loans and guarantees to cover additional costs due to exceptional energy price increases (for natural gas, electricity, heating and cooling). The overall aid per beneficiary will not exceed 50% of the eligible costs, with a cap of €4m; the beneficiaries may receive further aid, not exceeding 40% of the eligible costs and up to a maximum of €100m. Energy-intensive companies may receive aid up to 65% of the eligible costs (maximum aid ceiling of €50m) and those that are active in particularly affected sectors will be entitled to receive aid up to 80% of the eligible costs (maximum aid ceiling of €150m).
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