The government approved on Saturday the extension until the end of December 2022 of the support fund for companies that consume large amounts of gas and electricity, in order to respond to soaring energy prices, according to a decree published in the Official Journal.

As specified at the beginning of September, when this system, which was originally due to end at the end of August, was extended, the government also simplified it to allow more companies to use it.

A simplified device

In particular, the State has abolished, for aid capped at two million euros, the threshold of 30% drop in gross operating surplus over a quarter, a condition imposed so far to release aid.

A simple drop in this gross operating surplus, calculated on a monthly basis compared to 2021, is now sufficient.

“When a device does not work, it must be changed”, noted Bruno Le Maire, who himself had deemed it “too complicated” at the beginning of September.

3 billion euros in loans

The system applies to companies whose gas and electricity costs exceed 3% of turnover in 2021. It is endowed with 3 billion euros in credits but was “little used”, hence simplification, had underlined the ministry.

For the most significant aid, capped at 25 and 50 million euros respectively, a relaxation of the criteria is still under discussion with the European Commission, said Bercy, interviewed by AFP.

  • Economy

  • Gas

  • Electricity

  • Company

  • Bruno the Mayor