Romanian renewable energy producers demand renunciation of income overtaxation and suspension of green certificates

The Romanian Association for Wind Energy (RWEA), the Romanian Organization of Renewable Energy Producers (PATRES) and the Romanian Photovoltaic Industry Association (RPIA) are asking the authorities to waive both the 80% over-taxation measure of producers’ income as well as the suspension of green certificates for a period of one year, so as not to jeopardize the production of green energy.

“We request the Government of Romania to elaborate and approve, as a matter of urgency, the formula for calculating the 80% tax to be applied to the income resulting from the deduction of energy purchase expenses by regularizing the entire period (November 2021 – March 2022), taking into account of the real costs in the energy market,” reads a joint press release.

Representatives of RWEA, PATRES, RPIA, together with WindEurope and SolarPower Europe, notified the authorities in Bucharest and Brussels of the impact that the two measures have on Romania’s energy security and electricity prices, in the context of the cost of energy. from renewable sources it is the lowest compared to other energy sources.

“Given the current situation on the Romanian border, we believe that such measures will seriously affect Romania’s energy security, undermining investments in sources of production that do not depend on fossil fuels, investments that are urgently needed. It is unacceptable for producers in the renewables sector, who have invested more than 10 billion euros in the Romanian economy, through an unstable and unpredictable legislative framework, to be permanently sanctioned for the explosion of electricity prices. Increasing the production of renewable energy in the energy mix leads to lower bills to the final consumer. Losses accumulated between November 2021 and March 2022 as a result of the application of Law 259/2021, GEO 3/2022 on over-taxation of producers, corroborated by the lack of a calculation formula for it, are not corrected in the proposal submitted by the authorities, on the contrary, these losses will increase significantly, both by canceling the support scheme with green certificates and by increasing the impact of over-taxation due to lowering the threshold to 300 RON,” said Adrian Borotea, Vice President of RWEA.