Belgium approves 50-70% grid fee cut for large industrial power users

Belgium's federal energy regulator Creg approved a measure reducing distribution costs by 50-70% for about fifty large electricity consumers, including BASF and Nyrstar, effective November 1 through 2027. The policy, long sought by industry, aims to lower energy costs for energy-intensive firms, potentially improving their competitiveness but shifting costs to other ratepayers. The measure's impact on industrial output and grid funding remains to be seen.

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