On February 21, 2023, the Ministry of Economy of the Slovak Republic published a call for applications for a grant to cover additional costs due to an increase in gas and electricity prices.

The call applies to all business sectors except for credit and financial institutions. The call applies to the entire territory of the Slovak Republic.

The amount of EUR 279,820,623 from public funds has been allocated for the implementation of the call.

A grant that may be awarded amounts to 80% of eligible costs calculated according to Article H of the call (see below). The maximum amount of the grant is EUR 200,000 per enterprise considered to be an “economic unit” per month of the eligible period, i.e., it is possible to obtain up to EUR 200,000 for each of the months January – March 2023.

To be eligible for a grant, an applicant must be an enterprise within the meaning of Article 107 of the Treaty on the Functioning of the European Union, i.e., an entity that performs economic activity regardless of its legal status and financing method and regardless of its size, i.e., micro, small and medium enterprises as well as large enterprises. Moreover, the applicant’s supply point must be located in the territory of the Slovak Republic.

The call applies to the eligibility period which runs from January 1, 2023 to March 31, 2023 (the “Eligibility Period”). The eligible costs for determining the grant amount equal to the product of gas/electricity amount (units used) expressed in MWh (supplied to the applicant, as an end customer, by a gas/electricity supplier during the Eligibility Period) and the increase in the price paid by the applicant per unit used of the supplied gas/electricity commodity expressed in EUR/MWh. The price increase is calculated as the difference between the unit price for the supply of the commodity that the applicant paid on average during the Eligible Period and the unit price for the supply of electricity commodity in the amount of EUR 199/MWh, or the unit price for the supply of gas commodity in the amount of EUR 99/MWh.