Electricity producers generating more than 0.9 MW of power output as well as energy suppliers will pay a windfall tax on excessive profits. Parliament approved a bill to that effect in a fast-tracked procedure on Tuesday. 90 percent of the excessive profit is to be taxed, with the tax to apply to the period of December 2022-December 2024. Exempted from the tax will be small power generation with an output of under 0.9 MW as well as electricity produced in hydropower plants, from biomethane and renewable sources under certain conditions. In addition, the bill also introduces the duty to mark any Russian oil supplied to Slovakia via a pipeline as well as products manufactured from such oil. The legislation will enable the subsidizing of the cost of heating by covering the differential between the heating price set by the Office for the Regulation of Networked Industries (URSO) and the heating prices set by the government. Persons who run a business in the heat-power engineering sector and whose heat price is set by the URSO with its 2023 decision will be eligible for subsidies.
Source: TASR
