Thursday, November 28, 2013

20% tax on revenue from electricity from photovoltaics and wind power .

20% tax on revenue from electricity from photovoltaics and wind power .

From January 1, 2014 to impose a fee of 20% on income from the electricity produced by solar and wind power , decided the Parliamentary Budget and Finance in Bulgaria .
The decision comes after a proposal by the " Bulgarian Energy Holding " to tax revenues by 30 percent of the solar power plants such as the money is collected by the National Revenue Agency and then translated into the " National Electric Company " to offset their cost of buying it of ecotoxicological and can bring the price of electricity for households .
 Ministry of Economy and Energy is working on a draft law on tax by 15 per cent and that on revenue of solar , wind and hydroelectric power stations .
Finance Minister Petar Chobanov commented that if this proposal is adopted in plenary , it will provide some buffer for the price of electricity .
The new fee is necessary because of the regulator projected deficit of 500 million lev in determining the lower 5 percent electricity prices from 1 August . Expectations that a shortage of money will be offset by the sale of greenhouse gas emissions , have been largely overestimated.
 There was frantic from the Bulgarian Photovoltaic Association - state killed their businesses nationalized private equity and more.
The European Commission would be asked , since the introduction of this fee contrary to European norms and discriminatory investors in renewable energy .
 The fee would lead to the failure of investors in solar and wind power , which is probably the best solution for a business that presumably carried more profit as calculated opponents of prostitution , drugs and smuggling.
Terrifying for consumers is that NEC and distribution companies were required to include in the network every investor in renewable energy generators and the state should buy insanely expensive electricity .
Overall this is a blatant ruthless imposed Euro- lobbying and shameless corporate interests imposed by the EU and repeatedly exceeded and distorted the past 2-3 years

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