EU approves state aid for energy intensive users


Major energy users most at risk from spiky winter energy pricesThe government’s proposal to protect energy intensive industries from the costs of decarbonising the power system has been approved by the EU.

The move was announced by the prime minister in October, with the chancellor confirming that the UK’s most energy intensive industries would not be liable for renewable subsidies in his autumn statement.

The department of business innovation and skills said it would publish further guidance in January with payments will be backdated to the date that state aid clearance comes through (17 December).

The news was welcomed by manufacturing groups.

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