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European Commission Approves Further State Aid to Support Transition-Related Initiatives
March 17, 2023On February 24, the European Commission granted approval under EU State Aid Rules for a German scheme supporting rail transport operators using electric traction. The €1.1 billion scheme will provide economic support for increased electricity costs and aims to preserve the viability of electric rail in line with the Commission’s Sustainable and Smart Mobility Strategy and of the European Green New Deal. Freight and passenger rail transport operators using electric traction have been exposed to significant increases in electricity prices following Russia’s invasion of Ukraine. Under the proposed scheme, electricity suppliers will provide reductions in the monthly electricity bills of rail transport operators, which the providers will then reimburse from the German state. This will only apply to electricity consumed in calendar year 2023.
