LAST UPDATE 09:08
The amount that RAE ends up with as an increased gross profit margin of the vertically integrated electricity companies in the wholesale market amounts to 591.45 million euros, after first deductions of 335.99 million euros have been deducted which PPC provided to its customers. .
This is emphasized in a clarifying statement issued by the Ministry of Environment and Energy on the occasion of the opposition’s claims for the taxation of the profits of the electricity generation companies.
According to the RIS for the final determination of the amount of additional income must be deducted from the above amount the indirect discounts that each provider has applied through the fixed tariffs it offers, and which RAE determines in a range between 5% – 20%.
After the final determination, according to the suggestions and data of RAE, the Government will proceed with the imposition of the extraordinary fee of 90% on this amount.
The revenues from this extraordinary fee, the highest imposed in the whole of Europe, the RIS notes, will contribute to the financing of the National Support Plan announced by the Prime Minister, to deal with the effects of the price increases on electricity.
According to the ministry, based on this plan and the new mechanism that will take effect from July, the implementation of the adjustment clause is effectively abolished and the production of additional revenues for the generators stops.
As RIS emphasizes, the imposition of the extraordinary fee, amounting to 90%, on the additional revenues of the electricity companies is a commitment of the Prime Minister, will be observed in full and will be done in a clear and fair manner, without any legal dispute by the producers. .
As mentioned, RAE came to its conclusion for the additional income, through a specific scientific methodology and its conclusion covers the period from October 2021 to March 2022.
Concluding, RIS points out that based on the National Support Plan and the new mechanism that will be in force from July, the implementation of the adjustment clause is effectively abolished and the production of additional revenues for the generators stops.
Finally, RIS leaves tips against the opposition which “as it appears from the documented finding of RAE, all this time reports numbers completely arbitrarily, without any documentation, which have nothing to do with reality”.
“The Prime Minister is fulfilling his commitments and the Government is using every available means and every possibility that exists in order to stand by
to every citizen. With seriousness, responsibility and professionalism away from cheap promises and unsubstantiated calculations “concludes RIS.
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.