Creation of aid for electro-intensive companies exposed to carbon leakage risk (carbon cost compensation)

Article 68 of the 2016 Finance Act creates article L. 122-8 of the energy code: aid is paid to companies in sectors exposed to a significant risk of carbon leakage due to the pass-through of EU emission allowance costs into electricity prices (indirect costs). The aid equals 85% of costs incurred in 2015, 80% in 2016, 2017 and 2018, then 75% in 2019 and 2020; it is paid the year after the costs. The text enters into force upon receipt of the European Commission's reply on its compliance with State aid rules.