The Energy to Move Forward Package, announced in the Council of Ministers on 15-09-2022, contains extraordinary support measures for companies to the value of €1.4 billion, aimed at tackling the increase in energy prices and mitigating the effects of inflation arising from the current geopolitical context. The main measures are outlined below:
Programme to Support Gas-Intensive Industries
Reinforcement of the Support for Gas programme, support extended to the manufacturing and agri-foodstuffs industry, from EUR 160 million to EUR 235 million.
Line of response to rising costs
600 million credit line (mutual guarantee, with an eight-year maturity and a 12-month grace period) for companies affected by disruptions either in energy or raw materials prices or in supply chains.
Accelerating energy efficiency and transition
From october 1th, it will be available a line of around EUR 290 million of which EUR 250 million will be managed by IAPMEI and earmarked for the industrial sector and EUR 40 million for the agri-food sector, with a view to decarbonisation (e.g. C11 of the PRR) and energy efficiency.
New tax measures
The following measures will come into force immediately:
Temporary suspension of the ISP and carbon tax on natural gas used in electricity production and cogeneration;
Increase of IRC by 20% on expenses with: electricity and natural gas;
Extension of the Extraordinary Professional Diesel (GPE) mechanism until the end of the year.