The Commission has launched a consultation with Member States on the prolongation and adaptations of the State Aid Temporary Framework Ukraine adopted on 23 March 2022.
In view of the persistent effects of this crisis on the European economy and energy situation, but also of the first feedback received from Member States, the Commission proposes the following possible modifications :
- A targeted adaptation, taking into account current market prices and volatility, to extend the possibility for Member States to provide public guarantees to energy companies to cover financial guarantees related to their trading activities, and
- Additional adjustments to allow Member States to provide support to companies affected by high energy prices.
These changes complement the recent Regulation on an emergency intervention to address high energy prices.
The revised Framework, which will take into account feedback from Member States, is expected to be adopted by the end of October 2022. It will also take into account the Commission’s proposal for a new regulation on emergency intervention to address high gas prices in the EU and ensure security of supply this winter.
For further information : Commission’s press release