Down the VAT, discounts and installments against the expensive energy

The rise in the price of electricity

The pressing of the parties has had an effect. Within the next week, the government will enact a new measure against expensive bills. An intervention in two phases: the first aimed at businesses, with a dowry that will approach 700 million euros. The second, on the other hand, is intended for families. The details are still being studied, but the goal is to limit as much as possible the maxi increases, even of the order of 40%, which are being recorded on the energy front. In the menu of possible interventions, a sterilization of VAT on bills and discounts for companies, in addition to installments …

The pressing of the parties has had an effect. Within the next week the government will pass a new measure against the expensive bill. An intervention in two phases: the first directed at businesses, with a dowry that will come close to 700 million euros. The second, on the other hand, is intended for families. The details are still being studied, but the goal is to limit as much as possible the maxi increases, even of the order of 40%, which are being recorded on the energy front.

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In the menu of possible interventions, a sterilization of theVAT on bills and discounts for businesses, in addition to the interest-free payment in installments. The problem is the covers. Part of the measures could be financed with the proceeds of the auctions for CO2 emissions, as also suggested by the EU. But the other part should come from the “solidarity contribution” on the maxi-profits forfeited by the energy companies thanks to the increases. A hypothesis that yesterday sent the markets into fibrillation, with a generalized decline in Piazza Affari of the entire utility sector. Enel and Erg left 2% on the ground, Alerion even 4.7%, the losses of Iren, A2a and Hera more contained. But the real earthquake was there France, where the energy giant, Edf, was overwhelmed by an avalanche of sales that literally brought down the stock: -16%.

The anti-price increase plan caused the slide. The executive led by Macron it has in fact set a maximum threshold for increases in bills at 4%, almost ten times less than the + 35% expected from February 1st. A measure that should have an impact between € 7.7 and € 8.8 billion on EDF’s budgets. So much so that the company has already announced a possible capital increase. But the mine of energy has now exploded throughout the old continent. In addition to the bloodletting for families quantified at 100 billion from Assoutenti, businesses are also concerned. For Aurelio Regina, delegate for energy of the president of Confindustria, companies risk a 37 billion sting this year. Not to mention the impact on employment of the so-called “energy-intensive” companies that will be forced to close their doors due to the record hike in prices: 500 thousand jobs in the balance. The issue also worries the ECB not a little.

Yesterday, the president of the Frankfurt institute, Christine Lagarde, called for investments to be accelerated “in renewables and greens”. While from Brussels, the spokesman for the European Commission said that everything possible will be done to tackle the problem “both on the market and on the competition side”.

But besides France, the other countries also moved in time to stop the energy rush. Spain has launched a shock plan by halving the VAT on bills and suspended the 7% tax on the value of energy. In Germany the contribution that consumers pay to support renewable energies was cut by 42.7% with 3.25 billion raised by the carbon tax.

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