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EU Grants Austria Subsidies Which Amounts 100 Mio. Euros.
The European Commission will grant Austria 100 million Euros as a measure for the reduction of power consumption approved under the framework for state aid in crises.
The EU Commission Grants Austria a 100 Mio. State Subsidy for Reduction of Energy Consumption / Picture: © Marina bauer, CC BY-SA 4.0 , via Wikimedia Commons
The EU Commission has approved Austria's state subsidy of 100 million euros. The Commission announced today in Brussels that this is the first measure to reduce peak electricity consumption that has been approved based on the framework for state aid in crises. With the aid of the subsidy, electricity consumption is to be shifted to hours when demand is low, thereby curbing prices,
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