EU May Allow Aid to Energy-Intensive Firms Defended by Merkel
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The European Union is considering allowing governments to help industries with high energy bills after German Chancellor Angela Merkel vowed to defend the country’s aid program for big power users.
The EU’s regulatory arm may approve partial support to some businesses, Joaquin Almunia, the EU’s competition chief, said today concerning new state-aid guidelines to be adopted in the first half of 2014. The European Commission, which held initial discussions on the matter yesterday, will seek views on draft plans before the end of this year.