The EC does not object to the temporary abolition of VAT on energy
Electricity prices on Wednesday on most of the European energy exchanges fell, as the decline in Bulgaria was nearly 23% back below 200 euros per megawatt-hour. This is shown by the data on the energylive.cloud platform, BNR reported.
In the “day ahead” segment with delivery on Wednesday (October 20), an increase in electricity prices was reported only in Hungary and Romania (an increase of 8.8%) to the highest level within Europe of 263.89 euros for megawatt-hours (MWh) in both countries, as well as in Slovakia (an increase of 37.5% to EUR 226.22 per MWh).
In other European countries Electricity prices fell, with the biggest drop of 60.8% to just 60.11 euros per megawatt-hour marking electricity prices in Germany on Wednesday. Prices in Poland remain low, falling 27.8% to 79.18 euros per MWh. In the second largest European economy, France, electricity prices fell by 38.4% to € 101.09 per megawatt-hour, while in Italy and Spain they still remained above € 200 per megawatt-hour, although they also fell by 7% respectively. , 3% to 232.34 and by 2.8% to 201.40 euros per MWh.
In Bulgaria the price of electricity in the “day ahead” segment (for October 20, Wednesday) marked a decrease of 22.8% to an average price of 190.29 euros (372.17 levs) per megawatt hour, after today’s prices in the “day ahead” segment hit trading time on Monday a record high of BGN 481.81, according to data from the Bulgarian Independent Energy Exchange (IBEX).
Within the IBEX market segment, however, the weighted average electricity price reached BGN 439.61 per MWh on Tuesday (October 19), and within today’s trading the price even jumped briefly to BGN 750.02 per megawatt-hour. , after the trade starts at levels around and below BGN 300 per megawatt-hour.
From the beginning of October the average price of electricity in our country is 188.46 euros per megawatt hour, and from the beginning of the year is 83.69 euros per MWh, according to data from the energylive.cloud platform.
The EC does not object to the temporary abolition of VAT on energy
“It is important that the measures taken to counter high energy prices are temporary.” This was stated today by EU Commissioner for Economic Affairs Paolo Gentiloni at a press conference. “We understand that these measures are extremely necessary, especially for poorer households,” he added. According to him, the solutions sought by changing or abolishing taxes cannot be permanent.
Gentiloni answered a question related to the decision announced last night by the Czech Republic to temporarily abolish VAT on electricity and gas due to higher energy prices. The Czech government’s decision so far concerns the November and December bills and is subject to approval by the EC.
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