Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-065-000"
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"en.20110929.4.4-065-000"2
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"Madam President, the Commission is aware of the importance of electricity costs for the production of steel, and of the influence that European climate change measures can have on electricity costs. The Commission is also mindful of the present difficult economic situation and of the importance of sustaining the economic recovery with smart measures, taking into account the move towards less polluting as well as less risky sources of energy.
The Commission aims to maintain a viable energy-intensive industry in the EU that can compete worldwide on its merits. State aid can help in this context, if it helps to structurally improve the competitiveness of the industry in a sustainable way, but it cannot serve to guarantee lower electricity costs for certain users in the long term. We therefore focus our efforts on measures that have the potential to structurally improve the situation of industry.
Under the ETS Directive, which was part of the 2008 climate change package, Member States may grant compensation for CO
costs of electricity for companies at risk of carbon leakage due to these costs – aid for indirect emission costs – in accordance with State aid rules.
Financial compensation for indirect emissions can create major distortions in the internal market and may undermine the price signals created by the EU ETS if it is not properly targeted to sectors that are at real risk of carbon leakage due to indirect CO
costs.
In its statement submitted to the Council during the climate change package negotiations, the Commission established the guiding principles for granting financial support for indirect emission costs. According to these principles, financial compensation should be limited to those electricity-intensive sectors which are unable to pass on the electricity cost increase stemming from CO
to their customers through product prices without significant loss of market share, and would thus move to less carbon-efficient installations outside the EU.
In defining the rules for compensation for ‘indirect’ carbon leakage, the Commission will have to pay careful consideration to the effective need and justification for aid in view of the need to preserve the internal market, avoid ‘subsidy races’ between Member States at a time of tight budget constraints, and ensure equitable conditions for competition between firms in the same sectors."@en1
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"2"1
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