On 31 January 2023 the National Council approved the extension of the energy costs subsidy for companies as announced in the media in December 2022 (see newsletter from 3 January 2023). Specifically, the governing parties agreed to extend energy costs subsidy 1 (EKZ 1) until the end of December 2022 and to launch energy costs […]
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According to media information, at the end of 2022 the Austrian government has decided to extend the energy costs subsidy for energy-intensive companies (see also Newsletter dated 25 November 2022) until the end of 2022 and prolong it to 2023. This is intended to ensure the competitiveness of Austrian companies as well as to strengthen […]
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The energy costs subsidy is a subsidy programme of the Austrian Federal Government to support energy-intensive companies in Austria in light of currently high energy prices. After the Austrian Federal Government published the first details of its energy costs subsidy guidelines at the end of September 2022 and obtaining the approval of the European Commission […]
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In late September 2022, initial details of the energy costs subsidy were published (see newsletter of 29 September 2022). The relevant guidelines themselves have not yet been published and are currently subject to review by the European Commission (notification procedure). Approval is expected in the coming days. According to the recent press release of the Austrian […]
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In July 2022, the Business Energy Costs Subsidy Act (UEZG, BGBl. I No. 117/2022) was passed by the Austrian Parliament and published in the Federal Law Gazette (see Newsletter of 14 July 2022). The Act provides for relief for energy-intensive companies. Specifically, this non-repayable subsidy is intended to cover roughly a third of the additional costs […]
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