The EU plans to introduce a temporary electricity price cut policy, and heavy industries may see cost relief.

        According to a draft document of the European Commission obtained by Reuters, the EU plans to adopt new state aid regulations aimed at supporting energy-intensive industries in reducing temporary electricity prices and alleviating the energy cost pressure faced by enterprises. The policy is expected to be officially announced on the 25th.
According to the draft, eligible energy-intensive enterprises can enjoy electricity price discounts for up to three years. Specific measures include: the electricity price reduction shall not exceed 50% of the annual average wholesale electricity price; the subsidy cap for electricity consumption shall be 50% of the enterprise's annual electricity consumption; enterprises are required to invest part of the state aid funds in technologies related to the "green transition". EU member states can set the aid amount independently, but if a single subsidy exceeds 200 million euros (or 10% of the project budget), it needs to be submitted to the European Commission for approval. The new regulations cover a wide range of areas, including low-carbon nuclear energy, solar and wind energy projects. The document states that the European Commission will "prioritize the evaluation of aid applications in the nuclear energy field" and mentions that the metal industry is facing "technological and supply chain challenges, especially in the application of small modular reactors".