Businesses Worst Hit by Energy Price Rises to Get Aid Today

By , 05 May 2022, 10:41 AM Business
Businesses Worst Hit by Energy Price Rises to Get Aid Today pickpik.com CC-by-0

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STA, 5 May 2022 - The Financial Administration will disburse one-off aid today to businesses and farmers who have experienced a more than 40% increase in fuel, heating, electricity and other energy costs this year.

The payments, EUR 51.56 million in total to 5,996 beneficiaries, were made on the basis of a bill passed in February as part of an energy relief package meant to mitigate the impact of high energy prices for households and business entities, including agriculture.

The bill stipulates that legal entities or individuals with a business registered in Slovenia by 1 December 2021 whose energy costs will increase by more than 40% in 2022 compared to 2021 are eligible for government aid.

The amount of the aid was capped at 60% of the damage suffered as a consequence of rising energy prices, while restrictions were also imposed on businesses according to their turnover and energy costs as a percentage of operating expenditure.

Beneficiaries had to submit all the necessary information by 15 April. The bill provided for EUR 70 million in aid for up to 40,500 beneficiaries.

The full relief package also included a EUR 106.5 million energy voucher scheme for households. Some 710,000 beneficiaries were eligible for EUR 150 energy vouchers, including recipients of income support and welfare, large families, pensioners with under EUR 1,000 in pensions, the disabled, and some other vulnerable groups.

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