Mediafax (Mediafax)
Finance  |  October 13, 2010 15:10:15

Moderate increases in electricity prices and solar power tax revenues from emission allowances


Mediafax

PRAGUE (MEDIAFAX) - sudden rise in electricity prices to avoid tax withholding power from photovoltaic power plants and the involvement of the proceeds of emission allowances, said after the cabinet meeting on Wednesday, Prime Minister Petr Necas (ODS). The measure contains the Cabinet approved an amendment to the law on renewable sources.

The measures have long argued cabinet. Necas wanted to involve the proceeds of emission allowances until 2013. Finance Minister Miroslav Kalousek (TOP 09) believes that the price increase need not occur if the proceeds from the sale of emission allowances to use in the next year. With the Prime Minister initially disagreed, because the system of emission allowances scurries up to three years.

Compliance is ultimately such that the system will be involved and emission allowances that large companies were given "free" last year with the promise that they will invest in greening its operations. I funds for these allowances should be newly introduced into the system and used to control the rise in energy prices.

"He adopted a system of multi-source funding," said the Premier. Exactly when the income from allowances apply and at what rate they will use all three measures, the government will specify next Wednesday.

"Neither the Czech households, or Czech companies need not fear an increase in energy prices, which would be liquidation," said Kalousek.

The Coalition also wishes to introduce a withholding tax on photovoltaic energy, and increase fees for removing land from the Agricultural Fund for construction of solar power plants.

"From the first third of next year will not be supported photovoltaic power plants, which are on land resources. Partially supported only you will be placed on buildings, and it only 30kW to power," Necas said.

Thus, according to Prime Minister on aid will save up to eight billion. "Support would otherwise be nearly 19 billion, which would mean an increase in energy prices by 13 percent for companies up to 18 percent," said the Premier.

Pavlina camomile, hermankova@mediafax.cz

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