Energy subsidies for households and companies

The Government of Austria has approved its budget for 2023 to relieve the population against soaring energy prices from 2023 to 2026 and included over EUR 5 billion in electricity and energy cost subsidies for households and companies. 

The support for companies includes a cap on the price of electricity and compensations for their energy purchases. There are two indicated measures:

• Energy Cost Subsidy: The energy cost subsidy is aimed at energy-intensive, commercial, and non-profit companies and entrepreneurial areas of non-profit associations.
• Electricity Price Compensation: The electricity price compensation aims to reduce the risk of production relocation by energy-intensive companies - and thus also the relocation of CO2 emissions to countries with more lenient climate protection regulations.

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