The European Union is preparing to offer discounted electricity prices to industries!

The EU Commission announced a new public support framework to aid the decarbonization of industries and transition to clean energy. This framework will allow member countries to provide electricity price support to energy-intensive sectors.

These new regulations aim to enhance the competitiveness of EU industries facing high energy costs compared to their US and Chinese counterparts. The EU industry has long demanded measures to address this issue.

The EU Commission has the authority to determine how member states will provide public support. These supports can only be used in ways that do not harm competition and are in the public interest.