Slovakia plans to tax subsidized renewable energy sources
Slovakia is considering additional taxation of producers of electricity from renewable sources that gained the right to generous purchasing electricity prices in the past, the CTK news agency quoted Slovak Prime Minister Robert Fico as saying. The boom of above all photovoltaic (PV) power plants in Slovakia – similar in the neighboring Czech Republic - contributed to a growth in electricity prices. “Support to electricity produced from renewable sources was so generous in the past that it is very interesting from the business point of view, but it also affects electricity prices,” Fico said. The state would use the income it would receive thanks to the possible higher tax on green electricity producers for pushing down the prices of electricity for consumers. According to the report, the Slovak government wants to wait with the introduction of the special tax for the steps that the European Union will take in this matter. Top representatives of EU member states are discussing on energy prices in Brussels.
ADVERTISEMENT
Gloster H1 Revenue Climbs 24%
V4 Agri Officials: WTO Case Over Grain Bans 'Unfortunate'
AutoWallis Green Investment Project Value Reaches HUF 3 bln
Budapest Muni Council Clears Rác Baths Renovation
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
