The Draft Emergency Ordinance to amend the Emergency Ordinance 114/2018 also introduces changes in an ANRE Order that was not affected by GEO 114. While the sale price of gas remains blocked at 68 lei/ MWh, transport and distribution operators receive an unexpected gift on both gas and electricity: the increase in the rate of return (RRR) from 5.66% to 6.9%, directly by law, and not by an ANRE order, as it has been established so far.
Earlier, many players in the market, like Electrica, sued ANRE for a sharp drop in RRR at 5.66% after companies had already made business plans on a higher expectation.
At the same time, the 2% additional tax rate remains in effect – obviously, it will translate, after calculating the increased yield, into the bills of some consumers – those that will not benefit from the capped price, or in all bills after the capping period.
Instead, coal and cogeneration installations receive a new exception to the law, i.e. subsidies, by removing the additional 2% tax, as announced yesterday by Energy Minister Anton Anton.
And the bankers achieved a victory, more precisely a 10-fold reduction in the asset tax, to 0.2% for small banks. It is true that large banks have a reduction of only 5 times, to 0.4%.
