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Bucharest
February 25, 2021
BUSINESS

Co-generation tax, removed from energy invoice

The co-generation tax will be removed from the energy invoice, Premier Victor Ponta announced during an interview on B1 TV, adding that he already discussed the matter with the pertinent minister. At the end of March, officials of the National Regulatory Authority for Energy (ANRE) announced that they discussed with PM Victor Ponta and the delegate minister for Energy, Constantin Nita, about various ways to diminish, this year, the price-related effects of the renewable energy support schemes, but this is “a very difficult task,” they warned.

The co-generation tax included in the price of electricity is charged in compliance with a European directive, with the purpose of supporting investments in more efficient energy generation technologies. Removing from the price of electricity the co-generation tax, which represents approximately 2-3 pc of the total invoiced sum, will be enforced at the request of big consumers, like ArcelorMittal and Alro, which requested a 50 pc reduction of the taxes for renewable energy and co-generation, ANRE president Niculae Havrilet said yesterday for Agerpres, quoted by capital.ro.

According to the ANRE official, for the big consumers, the share of 8-10 pc of the invoiced sum, representing the support of renewable and co-generated energy, means a lot of money in the long run, which damages export competitiveness.

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