How to withhold 90% of corporate profits

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The processing of the data collected by Energy requlator authority from research on electricity companies in order to determine the basis on which the 90% contribution announced by the government.

This was reported yesterday government sourcesclarifying that the fee is 90% will not be in the form of taxation (as this could create legal implications) but solidarity contribution on the business side.

It is recalled that the investigation by RAE for the six months October 2021 to March 2022 concluded that increased corporate profitability amounted to 927 million euros, amount of which 336 million are deducted, which is the cost of the discounts made by PPC to its customers since August 2021. It is under investigation the cost of fixed tariffs provided by PPC to its customers, which – with the price increases that mediated the cost of energy production – are now below cost in all categories of customers.

At the same time, the discussions with the European Commission to change the market and implement by July 1 of the compensation mechanism for power plants based on production costs, through which the additional costs caused by the international energy crisis will be absorbed.

Source: ΑΠΕ-ΜΠΕ

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