3.000 Million euros support to reduce the companies invoices for electricity and gas

The Minister of the Environment, Duarte Cordeiro, presented this Wednesday a measure to support companies' energy bills.
According to the 2023 State Budget proposal, the Government intends to inject 3.000 million euros into the national energy system.

The estimate is that, considering the prices forecast for next year:
☑ The injection of € 2.000 million in electricity will lead to a reduction in the energy bill of up to 31%.
☑ In natural gas, the €1.000 million will lead to a reduction of 23% to 42% in energy bills.

According to the Minister, this package will allow companies to achieve a significant reduction in their energy bill, even in a scenario of a sharp increase in energy prices in 2023.

The Minister classifies this package as "the largest intervention in the energy system in Portugal" and indicates that the injections will still be made in 2022 so that an effect may be felt in next year's prices.