Austria's Parliament to Introduce 2025 Act Aiding Energy-Intensive Businesses
Austria's parliament is set to introduce a new electricity cost compensation act in 2025, aimed at supporting energy-intensive businesses. The draft, submitted by MPs Tanja Graf (ÖVP), Alois Schroll (SPÖ), and Karin Doppelbauer (NEOS), encourages companies to enhance efficiency and transition to renewable energy sources.
The act, designed to compensate companies for electricity price components linked to emission certificates in 2025 and 2026, will be processed by the Austria Wirtschaftsservice GmbH (aws), pending European Commission approval. Companies must carry out an energy audit, either internally or externally, to qualify.
Eligible businesses include large industrial consumers using at least 1 GWh of electricity annually, focusing on sectors like metal, steel, paper, wood, or leather processing and manufacturing. The subsidy, capped at 75% of indirect CO2 costs, will be determined using predefined calculation formulas. If funds exceed 75 million euros in either 2025 or 2026, subsidies per company will be reduced proportionally, with a maximum of 25% of auction revenues.
The electricity cost compensation act 2025 aims to alleviate financial burdens on energy-intensive businesses, promoting efficiency and renewable energy adoption. Companies must meet specific criteria and undergo energy audits to qualify for the subsidy, with the aws overseeing the process.
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