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Ministry Continues Energy Subsidies for Businesses in 2024!

Ministry Continues Energy Subsidies for Businesses in 2024!

Slovakia
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The Ministry of Economy has extended the eligible period for electricity and gas price compensations. In addition to 2023, it will also be possible to apply for compensation for the period up to 30 June 2024. Applications can be submitted until 15 June 2024.

The compensation amounts to 80 % of the difference between the price actually paid for gas and electricity and the set maximum limits of EUR 99 per MWh (gas) and EUR 199 per MWh (electricity) respectively. This is the net price of the commodity excluding distribution and network charges.

The maximum amount of the subsidy per month at the level of one economic unit is EUR 200.000. At the same time, the maximum cumulative amount of aid for all subsidies granted under Section 2.1 of the Temporary Crisis Framework per undertaking has been increased to EUR 2.250.000. If the amount requested exceeds EUR 100.000, the applicant must be entered in the Register of Public Sector Partners.

Eligible applicants are economic operators, i.e. those offering goods and/or services, irrespective of their legal status and method of financing, and irrespective of their size, i.e. small, medium-sized and large businesses, excluding credit and financial institutions. Businesses in difficulty are also eligible.

By Bernhard Hager, Managing Partner, Annamaria Tothova, Partner, and Jan Scerba, Associate, Eversheds Sutherland

Eversheds Sutherland at a Glance

Eversheds Sutherland with offices in Bratislava and Prague and as part of an international network, provides comprehensive legal advice also in foreign jurisdictions.

Our team consists of a total of more than 40 lawyers in the Czech Republic and Slovakia, most of whom have previously worked at major international and local law firms and have extensive experience in particular in the areas of corporate law, including mergers and acquisitions, capital markets, real estate, employment law, competition law, litigation and arbitration, energy, infrastructure, as well as environmental and ESG law.

Our advisory services are offered in Slovak, German, Czech and English language. Members of our team include attorneys registered with the Austrian Bar Association. On this basis, and because we are part of Eversheds Sutherland, we are also able to offer extensive legal support on various foreign legal issues.

We listen to our clients, we understand their business and we also understand what they need. So we can always find the best solution for the particular situation. We work quickly, efficiently and take responsibility for our work.

Firm's website.