The Spanish Wind Energy Cooperation has adhered to the position of the European Wind Energy Association (WindEurope) regarding the new EU Regulation on limiting energy prices. The wind industry is voicing its concern about possible additional regulatory interventions that could affect renewable energy investments. Specifically, they fear new taxes will be imposed on the industry that will put a large number of projects at risk.
In this sense, WindEurope warned that “the regulation was originally intended to limit any sub-marginal energy production in the EU”. But The regulation, approved a few days ago, “does not prevent national governments from imposing additional taxes. and it can take uncoordinated measures over different types of energy generation.”
In this sense, he warns, “some national governments are already planning new taxes to be added to the EU’s emergency measures. And these additional measures include taxes on the total revenues of electricity producers rather than their profits.” will stop investments in renewable energy.”
In Spain, according to the association, the successive measures approved by the Government in the last 12 months are in line with the content of the new EU Regulation to tackle energy prices.. On the one hand, the measures already adopted mean a reduction in the revenue of cross-border energies operating directly on the market. On the other hand, the incentive amount to be received with the aforementioned RDL 6/22 for the facilities under the regulated fee regime (RECORE) has been previously revised downwards according to the actual market prices. and future predictions.
Moreover, The cap on gas price for electricity generation (adopted by RDL 10/2022) has also lowered the price of the electricity market.. In 85% of the hours since the Iberian exemption was approved, the market price was below the €180/MWh recommended ceiling in the regulation. In Spain, therefore, the adjustments suggested by the regulation have already been carried out.
“Any additional tax will penalize a significant percentage of renewable energy investments and affect the rate of orders placed in the wind industry”, companies assure.
The wind industry is free of any tax, tribute or charge that is added to the current situation and that is not strictly focused on reducing benefits. “The new regulation has no place in its purpose or spirit, nor any justification in terms of macroeconomic, energy, climate or fiscal rigor.”
“Implementation of the new taxes would constitute an unsound regulatory decision that would penalize decision-making regarding renewable investments in affected business groups. may delay the start of a significant percentage of renewable generation It warns that for the next few years, the consumer is deprived of the benefits of lowering the price of electricity that these renewable energies will motivate by their entry into the market, precisely in the temporary context in which the deployment of renewable energy sources in Europe must be accelerated the most.
The Wind Energy Cooperation adds that in principle any intervention in a market – in this case the electricity market – requires a review of investment strategies by businessmen until they learn about the risks of the new scenario. IT “slows decision making on tasks Bringing the new wind turbines to be installed in the coming years to the industry is conditioning the workload of the factories in Europe. In Spain we have 250 industrial centers covering 100% of the wind value chain”.
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