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EU plans emergency state aid rule change to address soaring energy costs – POLITICO

By staffApril 13, 20262 Mins Read
EU plans emergency state aid rule change to address soaring energy costs – POLITICO
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The Commission will consult member countries on state aid changes this week, she said.

Other measures the Commission is planning include a “toolkit,” to be released April 22, that will contain plans for gas storage filling and guidelines for temporary measures to reduce taxes on energy bills and reduce demand, von der Leyen said following a meeting of Commission officials. Demand-reduction schemes might revolve around building renovation and the renewal of industrial equipment, she said.

Von der Leyen also urged lawmakers and member countries to conclude their work on the EU grids package — a plan to upgrade and expand Europe’s electricity network — by the beginning of the summer, saying electrification of the economy was the long-term solution to soaring oil and gas costs.

The Commission is also working on a legislative proposal on changes to electricity taxes and grids charges which would be presented in May, and will adopt an EU-wide electrification target before the summer to reduce fossil fuel dependence, she said.

The Commission will also imminently release updated benchmarks for the ETS — the bloc’s cap and trade framework that has become a political lightning rod of late — dictating how many free carbon allowances industrial sectors will receive, Von der Leyen added.

She reiterated the planned review of the ETS was still on schedule for release in July.

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