Today, Commission is further consulting Member States on a prolongation and adjustment of the State aid Temporary Crisis Framework to support the economy in the context of Russia’s war against Ukraine. This follows a first consultation of Member States launched on 5 October 2022.
In view of the prolonged aggression of Russia against Ukraine and of its direct and indirect effects on the economy and on the energy situation, the Commission already consulted Member States, among others, on the possible prolongation of the Temporary Crisis Framework and the addition of new tools aimed at supporting electricity demand reduction.
The Commission is now further consulting Member States, in particular on possible amendments relating to:
- A targeted adjustment to broaden the possibility for Member State to provide public guarantees to energy companies in order to cover the financial collaterals for their trading activities in view of current market prices and volatility; and
- Additional adjustments to further allow Member States to provide support to companies affected by high energy prices.
The Commission intends to adopt the revised Temporary Crisis Framework by the end of October, taking into account the feedback received from the Member States.
Source: State aid: Commission further consults Member States on prolongation and adjustment of Temporary Crisis Framework