
New definition of “energy-intensive enterprise”
Decree-Law No. 131 G.U. No. 228 of 29-9-2023, redesigned the mechanism of the subsidies granted to energy-intensive businesses as of 1 January 2024.
As of 1 January 2024, the facilities for energy-intensive companies will be available to those companies which, in the year preceding the submission of the application for the facilities, had an annual electricity consumption of not less than 1 GWh and which meet at least one of the following requirements:
a) they operate in one of the HIGH risk sectors (see Annex 1); b) operate in one of the MEDIUM risk sectors (see Annex 1); c) although they do not operate in any of the sectors referred to in points a) and b), they benefited in the year 2022 and/or 2023 from the previous scheme.
Annex 1 (high and medium risk sectors) Companies that, although they meet the requirements set out in subparagraphs (a), (b) and (c), are in a state of difficulty within the meaning of European Commission Communication 2014/C 249/01, are not eligible. Undertakings are subject to the following contributions to cover general system charges to support renewable energies:- Undertakings (a), to the extent of the lesser of 15 % of the overhead component and 0,5 % of the gross value added of the undertaking;
- Undertakings (b), to the extent of the lower of 25 % of the overhead component and 1 % of the gross value added of the undertaking;
- Undertakings (c), to the extent of the lower value:
- for the years 2024, 2025 and 2026, between 35 % of the overhead component and 1,5 % of the gross value added of the undertaking
- for the year 2027, between 55 % of the overhead component and 2,5 % of the gross value added of the undertaking
- or for the year 2028, between 80 % of the overhead component and 3,5 % of the gross value added of the undertaking.
- implement the recommendations set out in the energy audit report, where the amortisation time of the investment does not exceed three years and the related cost does not exceed the amount of the facilitation received;
- reduce the carbon footprint of electricity consumption by at least 30 per cent of its needs through carbon-free sources;
- invest a share of at least 50 per cent of the facilitation amount in projects that result in substantial reductions in greenhouse gas emissions.
Categories
Tech
Publication date
12 February 2024
Reading time
3 minutes