Wed. Sep 18th, 2024

Brussels, 3 November 2022

The European Commission has approved a €3.4 billion (DKK 25.2 billion) Danish subsidised loan scheme to support companies in the context of Russia’s war against Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022, and amended on 20 July 2022 and on 28 October 2022. The subsidised loan scheme consists of two different measures: (i) a payment deferral of the bills for electricity, gas and district heating for all types of companies, administered by energy suppliers; and (ii) support for a total budget of €29 million (DKK 215 million) for energy suppliers covering their administrative costs linked to the payment deferral of energy bills. The Commission concluded that the Danish schemes are necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions set out in the Temporary Crisis Framework. On this basis, the Commission approved the aid measures under EU State aid rules.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said: 

“In the current context of economic uncertainty, this €3.4 billion scheme will enable Denmark to provide liquidity support to companies for deferring part of their energy bills, allowing them to continue their activities.” 

A press release is available online. 

Source – EU Commission

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