Superprofits of Greek energy producers were estimated at 600 million euros according to the results of a semi-annual audit

According to an audit report, the Hellenic Energy Regulatory Authority (RAE) estimated the excess profits of electricity producers and suppliers in the country at 600 million euros.

Previously Prime Minister announced that superprofit will be taxed at 90% as a measure to return inflated prices to consumers.

The RAE audit covered the entire period from October 2021 to March 2022, with a new audit expected in April, May and June. The Board’s report was handed over to the Minister of Environment and Energy Kostas Skrekas on Monday. The government is expected to announce its findings based on it this coming Thursday.

Prime Minister Kyriakos Mitsotakis since mid-April repeatedthat excess profits of energy producers will be taxed at 90%, and these revenues will cover part of the state support measures for households and enterprises. The exact amount that will be taxed has not yet been determined.

Recall that, according to the latest statements by Prime Minister Mitsotakis, from July this year, the maximum allowable level of prices for electricity will be introduced for electricity companies. The mechanism is designed to prevent future overpayments and inflated electricity bills, Finance Minister Christos Staikouras announced last week.

Minister of State Akis Skertzos told Skai FM on Monday that “with full respect for the RAE report, we will introduce an emergency tax, in fact collection of solidarity with energy producers. In this difficult situation, they too must do their part.”

The Prime Minister and government ministers said that consumer support measures will be covered from three sources: the state budget, revenues from the Energy Transition Fund and revenues from the aforementioned levy on energy producers.



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