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Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure BE-2023-6/3114 – measures in Belgium

Help for companies affected by the rise in energy prices

Aide à destination des entreprises impactées par la hausse des prix énergétiques

Country Belgium , applies regionally

    • – BE3 RÉGION WALLONNE
Time period Temporary, 06 February 2023 – 05 March 2023
Context War in Ukraine, Cost of Living Crisis
Type Legislations or other statutory regulations
Category Promoting the economic, labour market and social recovery into a green future
– Support for energy bills
Author Dries Van Herreweghe (Katholieke Universiteit Leuven) and Eurofound
Measure added 22 February 2023 (updated 20 March 2023)

Background information

The Walloon regional government aims to support companies confronted with significant issues because of the energy crisis. This support is part of the temporary crisis framework adopted by the European Commission to support the economy in the context of the ongoing war.

Companies that believe to be eligible can apply for a premium in order to alleviate the pressure created by the increase in costs.

Content of measure

A subsidy is provided to Walloon companies that have been struck by these rising costs. They can apply via a digital platform and complete their application on it. This platform is operational between 6 February 2023 and 5 March 2023. However, certain conditions apply, namely:

  • Having an annual energy bill of more than €7,500 for the year 2021 .
  • Not having resorted to economic unemployment above 35% compared to the reference period of the previous year.
  • Have not paid dividends to shareholders during the year in which they will receive regional support.
  • Having suffered an operating loss in the 4th quarter of 2022 or having suffered a reduction in operating income between the 4th quarter of 2021 and the 4th quarter of 2022
  • Having seen the amount of their electricity and/or gas bills double between the 4th quarter of 2021 and the 4th quarter of 2022
  • Having (at least) one operational headquarters impacted in the Walloon Region.

The amount of the premium varies according to the energy consumption of the company in question and varies from a reimbursement of energy costs of 20-35%. The budget of the measure is €175 million.

Use of measure

There has been no uptake data at the time of writing.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
Local / regional government
Regional funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Unknown Unknown
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: N/A

Involvement

Involvement of social partners is unknown.

Views and reactions

Views of social partners are unknown.

Sources

Citation

Eurofound (2023), Help for companies affected by the rise in energy prices, measure BE-2023-6/3114 (measures in Belgium), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/BE-2023-6_3114.html

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