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Companies: energy aid will cost the State 10 billion euros, according to Bruno Le Maire

2022-10-25T07:44:48.649Z


For companies that do not benefit from the tariff shield, a reduction in the bill will be borne by the executive, in addition to a price cap.


The Minister for the Economy and Finance specifies the contours of energy aid for businesses.

Asked this Tuesday morning on CNEWS, Bruno Le Maire underlines that they will cost a total of ten billion euros to the State.

For the time being, for the smallest companies, the government has set up a price shield to reduce their energy bills.

"

About 1.5 million

" companies will benefit from it, adds Bruno Le Maire.

For those who do not fit into this system and for the most energy-consuming, a reduction in the bill will be borne by the government.

In fact, 50% of the price will be limited to 40 euros per megawatt hour, far from market rates.

Avoid the price explosion

For the other half of the bill, "

when a certain price is exceeded, the State will pay up to a certain ceiling, which we will define with Agnès Pannier-Runacher

", details the Minister of the Economy.

This reduction in the bill will establish "

long-term visibility and avoid the explosion of prices

".

Bruno Le Maire does not want “

that the public finances of the State be exposed to the volatility of energy prices

”.

Read alsoBruno Le Maire says he is aiming for “5% inflation at the start of 2023”, “4% at the end of 2023” and “2% during 2024”

No action will be necessary on the side of the professionals, the reduction will be visible directly on their invoices.

Exception made for “

energy-intensive

” who will have access to a counter to claim their compensation.

"

Contrary to what is done for individuals where we take care of everything, we want to distribute it for companies

", justifies Bruno Le Maire, before adding that "

to save the industry, we must lower prices electricity

”.

Source: lefigaro

All news articles on 2022-10-25

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