The scheme will cover the period 2019-2020, with a provisional budget of approximately EUR291 million (RON1.397 billion), the Commission said in a statement Monday.
The measure will benefit companies active in Romania in sectors facing significant electricity costs and which are particularly exposed to international competition. The compensation will be granted through a partial refund of indirect ETS costs to eligible companies.
The scheme will avoid an increase in global greenhouse gas emissions due to companies relocating to countries outside the EU with less stringent environmental regulation.
The Commission added the aid granted is limited to the minimum necessary.