The amount paid so far to support large energy consumers amounts to 493.4 million lei, and in the coming days another 41.5 million lei will be paid, said the Minister of Energy, Virgil Popescu. The total subsidies will reach 635 million lei.

“Aid scheme to support large energy consumers! Energy-intensive payments have already begun. Several companies active in Romania in sectors facing significant electricity costs and which are particularly exposed to international competition have already received money, after which have submitted files for financing, based on GEO 81/2019, so far 493.4 million lei have been paid, and in the following days payments of 41.5 million lei will be made, out of a total of approximately 635 million lei. With this financial aid we support 15 branches of the Romanian industry. We are talking about producers who have directly and horizontally employed over 100,000 people. At the same time, through this scheme we avoid the risk of relocation of companies that contribute to the Romanian economy,” wrote the minister on his Facebook page, according to Agerpres.

The State aid scheme is implemented in the form of a direct subsidy for energy-intensive consumers to offset the costs of gas emissions, transferred to the price of electricity, following the model applied in other Member States.

The measure contributes to maintaining the competitiveness of products from energy-intensive sectors and allows companies to remain competitive both in relation to other competitors outside the European space, which have not established an ETS marketing scheme, and in relation to other competitors in the Member States of the European Union that have already granted such financial measures to large energy consumers.