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The extraordinary energy 'tax' filled the coffers, in 3 months half of the annual forecast was collected

2023-05-22 20:39:58Biznes SHKRUAR NGA REDAKSIA VOX

The extraordinary energy 'tax' filled the coffers, in 3 months half of

The government has collected only in the first three months of this year almost half of the amount anticipated from the extraordinary taxation of large private producers of electricity.

In this year's budget, the Government anticipates that a total of 8.3 billion lek, or about 70 million euros, will be collected from this tax, which in the legislation is called an extraordinary social contribution and not a tax, in order to avoid its opposition as unconstitutional.

But, according to the data published by the Ministry of Finance, until March 31 of this year, the social contribution of large private producers of electricity was 4.1 billion ALL, or almost 35 million euros.

The reason for the positive performance may have been the relatively wet weather, which filled the hydropower plants and increased the amount produced by private HPPs, which in the first quarter of the year accounted for 43 percent of the total energy produced in the country.

If the autumn months will also be accompanied by abundant rain, the income in the budget from the social contribution of private electricity producers may exceed 100 million euros.

The government decided at the end of last year to tax with 50 percent the large private producers of electricity, which multiplied the profits from the increase in electricity prices in the international markets and not from the investments made.

A similar tax has been imposed by European Union countries for producers of electricity from renewable sources. In Albania, according to the approved decision, the energy of large private producers that is sold above the price of 8.5 lek per kilowatt is taxed, which is the price that the Albanian state buys from small HPPs.

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