The EU approves a €5bn Czech scheme to support large energy producers
The European Commission has approved a CZK125bn (€5bn) Czech scheme to support large energy producers in the country, in the context of the ongoing war in Ukraine. Under this measure, the aid takes the form of subsidised loans, which will help large energy producers meet the collateral requests in the energy trading markets, with the final aim of supporting the functioning of the markets and the supply of energy to the economy. The scheme, which expired on 31 December 2022 was approved under the State aid Temporary Crisis Framework, first adopted by the Commission on 23 March 2022 and replaced by the Temporary Crisis and Transition Framework on 9 March 2023.
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