The Limited Times

Now you can see non-English news...

Energy aid for companies is only used to a fraction

2022-12-16T14:48:05.724Z


The government wanted to support energy-intensive companies with up to five billion euros. So far, only a small part of the sum has been paid out. This is also due to the complex application process.


Enlarge image

Production of ship propellers in Waren an der Müritz: The metal industry often applied for energy aid

Photo: Jens Büttner / dpa

Shortly before the end of a program with which the government wants to support companies with high energy costs, only a fraction of the state aid has been paid out.

A total of five billion euros are available for this, four of them in the current year.

Of this, only around 140 million were approved and around 112 million euros were transferred, the Federal Ministry of Economics said in response to a question from Left-wing MP Christian Görke.

With the "Energy Cost Reduction Program" announced in July, companies with high consumption can still apply for grants of up to 50 million euros until the end of the year.

By December 6, 1,343 companies had applied, and 602 companies had already received a grant.

The Ministry of Robert Habeck (Greens) now admits that the applications "so far have remained below the estimated needs".

On the one hand, the government blames the limited demand on the "restrictive legal basis for state aid and the associated verification procedure".

On the other hand, large energy consumers in particular have often paid prices at pre-crisis levels in the current year and have therefore not met the requirements for aid.

From the economy there had been criticism of the slow processing of the applications.

"After the aid stuttered for months, the government is only slowly coming out of the quark," says left-wing politician Görke.

It must be doubted "whether the application criteria are at all practicable".

Source: spiegel

All business articles on 2022-12-16

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.