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Maneuver, the new energy price ceiling applies to renewables rather than gas and coal. Bonelli: “An unjust and strong government with the weak”

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The measure, proposed by Minister for the Environment and Energy Security Gilberto Picetto Fratin as an anti-speculative feature, works as follows: if the price exceeds the national limit, currently set at 180 euros per megawatt-hour, the state charges the difference until at least June 2023. But from Legambiente they point to the inconsistency of applying the same limit to energy produced from fossil sources, the market in which the greatest speculation takes place.

AT economic maneuver out of 35 billion (of which 21 for expensive energy) approved by the Council of Ministers, the excess profit tax is the same for all energy companies (without any distinction between more or less polluting sources), increasing from 25 to 35%, while it concerns only renewable sources another measure proposed by the Minister for the Environment and Energy Security Gilberto Picetto Fratinthose. national roof at the price of electricity. It works like this: if the price exceeds the national limit currently set at 180 euros per MWh, state to collect the differenceat least until June 2023. Currently, prices fluctuate between 120 and 300 euros with a certain volatility and – even if with a different mechanism – there is already another limit, strongly criticized by sector operators: conclusion for additional profit if energy produced from renewable energy sources is sold at a price above approx. 60/70 euro up to megawatt hours.

“Maneuvering the Strong with the Weak” – The minister emphasized that renewable sources “naturally do not incur excessive production costs” and that this is “the ceiling in this case”. very high”. On the other hand, he repeated, the sector “is not subject to punishment, but we must avoid it.” assumption that will weigh on families.” The cap on the price of renewable energy is the Italian version of a measure contained in a regulation recently approved by the Council of the European Union. However, there are plenty of doubts. “The maneuver (which also provides for the deferment of the tax on plastics and the doubling of the staff of the Pnrr-Pniec Commission, ed.) of which the majority is so proud, continues to perpetuate the principle of government weak with strong As well as strong with weak”, commented the national spokesman for Green Europe and MP Alleanza Verdi e Sinistra, Angelo Bonelli.

Two weights and two measuresAs well as “For Bonelli, it’s a financial company.”socially unjust because it puts a price ceiling on renewables, saving them instead fossil sourceswho are responsible for rising energy prices as well as the environmental catastrophes that we are experiencing.” According to Michael Governors, head of electricity and gas at think tank Ecco, “ capping production margins with a fee ceiling of 180 euros per MWh, in line with EU guidelines, is reasonable, provided that this also applies to fossil fuels when the cost of coal and gas is below the limit, as it is now.” Per Katyushka Herohead of energy department Legamiente”Although the maximum ceiling has a time limit and is actually high, so technically it’s not a reckless figure, it should be noted that this limit only applies to renewable sources and not to fossil sources such as gas and coal. . This is the first mistake.” Among the goals, among other things, is the task of suppressing speculation in the market, “which, as is known, takes place in the fossil fuel sector, especially on gas at the moment.” So, two weights and two measures.

Previous – And not for the first time: it was the same with the mechanism bilateral compensation and the obligation to pay the difference between prices in 2022 and the average prices of energy produced in 2020, which has already imposed penalties on renewables. In fact, article 15 bis of Decree-Law 4/2022 imposes a revenue cap of around 60-70 euros per MWh. Thus the same excess profit tax created several capriciousness, not only among sector operators. The tax today has grown and is the same for everyone, regardless of the type of source. “On this front, there is not the slightest difference between renewable and fossil sources, while, from our point of view, they should have one different taxationif the government really wants prioritize renewable sources to achieve certain climate goals. And this is the second distortion,” adds Katiuscia Hero.

European context – Regulation 2022/1854 on energy prices essentially established from December 1 market revenue ceiling of 180 euros per megawatt-hour in the 27 EU countries for electricity producers, including intermediaries, who use the so-called infra-margin technologies for power generation such as renewable energy, nuclear power and lignite. Exceptions are biomethane power plants and demonstration projects, while individual countries may choose to do not apply roof for power generators with factories up to 1 megawatt containers. But, remaining within the European context, there are those who believe that temporarily capping sub-margin electricity producers’ revenues, generating windfalls for renewable energy producers who benefit from low production costs, “may end up limit ambition renewable energy in Europe. He explains it Rystad Energyan independent Norwegian company which, in a study, shows that about 60% of the total installed renewable energy capacity in the EU “derives its revenues from fixed rate contracts agreed well before the energy crisis, with prices usually below current spot prices. And if the EU Commission estimates that around €117 billion is likely to be generated by capping low-carbon energy revenues, “the extraordinary profits described by the EU represent only 40% of manufacturers renewable energy sources,” writes Rystad. Hence the need for an individual policy depending on the country and type of plant, so as not to risk sending a negative signal to investors.

Source: II Fatto Quotidiano

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