The government's decision to extend state subsidies for electricity bills has brought the taxation of unexpected gains by Renewable Energy Companies back into the spotlight. 

Numerous political parties have consistently urged the government to impose taxes on the energy companies' windfall profits. They propose that the revenue generated should directly benefit consumers.

Brief delved into the current status of the relevant Bill, which the Government announced over six months ago. The findings reveal that it is presently undergoing legal-technical review by the Legal Service. The Bill, if progress continues as planned, is expected to reach the Minister of Energy by March. Following this, it will be presented to the Cabinet for approval.

Insights from a reliable source within the Ministry of Energy, obtained by Brief, suggest a significant deviation from the anticipated taxation of energy companies' windfall profits. This approach aligns with the EU's stance on green developments, avoiding taxation that might deter investors. Instead, the Bill proposes a Solidarity Levy, echoing the Ministry's initial plans.

The amount each company will be obligated to contribute as a Solidarity Levy will be determined by a specific formula developed by the Ministry of Energy. Additionally, the same sources indicate that profits reinvested in green developments will be exempt from this special levy.

As for the allocation of the funds raised through this levy, the source disclosed to Brief that they are intended for policies aimed at alleviating the financial burden on citizens.

In a previous report, Brief highlighted the annual turnover of renewable energy sources companies, which fluctuates between €70 and €80 million. Subsequent announcements and analyses suggest that these companies have realized significant profits. Experts estimate that the profit margin for these companies is around 60%, considering the cost of producing each kilowatt-hour from renewable sources.