The echoes of the proposal to introduce the so-called “windfall tax” on the excess profits of many entrepreneurs, not only from the energy sector. It caused quite a stir among taxpayers.
However, there are indications that this proposal has been dropped. Today, the assumptions for the draft act on emergency measures aimed at limiting the amount of electricity prices and supporting certain consumers in 2023 have been published.
It contains, in particular, a proposal to introduce a “contribution amount” – a form of “windfall tax”.
It would only burden electricity producers and energy traders:
“Electricity producers using for electricity generation: wind energy, solar radiation energy, geothermal energy, hydropower, biomass, biogas, agricultural biogas and bioliquids, except biomethane, waste, lignite, liquid fuels, hard coal, gaseous fuels, and also for energy companies engaged in business activities in the field of electricity trading“
Excluded from this category are, inter alia, smaller energy producers:
“Producers generating in a generating unit: with an installed electric capacity of not more than 1 MW, being a demonstration project, being a renewable energy source installation, for which a producer of electricity from renewable energy sources in this installation uses: the support scheme or the auction system as well as from an entity that has received financial compensation for redispatching and counter-purchasing“
The amount of the benefit will be the product of the sum of the electricity sales volume on a given day minus the electricity purchased on a given day and the positive difference of the volume-weighted average electricity market price on a given day and the volume-weighted average electricity price limit on a given day.
The relevant data and details are to be derived from implementing acts.
Payments are to be made by the 5th day of the following month to the account of the Price Difference Payment Fund (Pol. Funduszu Wypłaty Różnicy Ceny, “FWRC”).
The regulations are also to provide for: rules for correcting declarations, rules for checking the correctness of settlements by the Head of URE and the procedure for determining the additional / overpayment of payments.
The Ministry of Climate and Environment is responsible for the project.
The planned adoption of the project by the government is the fourth quarter of 2022.