HE Increase in aid to electro-intensive companies Announced by the Minister of Industry and Tourism at the Congress of Deputies on Monday, Jordi HereuAccording to the Association of Companies with Large Energy Consumption (AEGE), it is inadequate.
Multinational steel company demands competitive energy prices from Government This enables the construction of a direct reduction iron ore plant (DRI system) with green hydrogen to replace one of the Gijón blast furnaces, an important decarbonization project for the future of steel activity in Asturias. In the midst of this pulse, our Minister of Industry and Tourism, Jordi Hereu, announced the other day at the Congress of Deputies that the Spanish Government will increase the compensation for indirect CO2 costs to the electro-intensive industry from 244 million euros to 300 million euros in the 2024 general budget in order to reduce the electricity bill. However, in its statement yesterday, the AEGE employers’ association pointed out that this increase in aid was insufficient.
AEGE managing director Pedro González stated: Compensations will still be well beyond what the European Commission allowsIt is estimated at around €700 million for this year (this amount is linked to the Government’s revenue from carbon dioxide emission rights).
“We have access to half the aid the European Commission gives us“said Pedro González, emphasizing the difference with other European countries industry Spanish. “Last year, for the same concept, we received half the assistance that the same consumer could receive in France, and three times less than a consumer in Germany,” said the general manager of the association that brings together large consumers. energy Industrial companies including ArcelorMittal.