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Poland could raise $2.75 billion

Poland is multiplying measures to face the energy crisis. It introduces an exceptional tax on energy companies. It could bring in $2.75 billion.

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Poland introduces an exceptional tax on energy companies. The country expects to raise $2.75 billion from the fund. The money will help offset the impact of soaring energy prices on household bills.

Jacek Sasin, Minister of State Property, states:

“The estimated budgetary contribution is 13.5 billion zlotys, which we will spend to mitigate the effects of rising energy prices.”

Poland multiplies measures

Faced with the energy crisis, Poland is looking for solutions. Thus, the country is multiplying measures. Mateusz Morawiecki, Polish Prime Minister, explains:

“Today we have a situation where the price for next year’s delivery is sold on the commodity energy exchange, using the price of coal in the Netherlands – not on the price of coal that is purchased by power plants in Polish mines. […] We do not agree with this.”

In addition to this one-time tax, other measures are currently being discussed in Poland. Jacek Sasin wants to introduce maximum electricity prices for “sensitive entities”, such as schools or hospitals. The aim would be to limit the price to 618.24/MWh, which is however a 40% increase compared to 2022.

In addition, Poland has already introduced certain measures such as tax relief. In addition, the country intends to freeze electricity prices for households in 2023. These would be frozen at current levels, and for a maximum of 2,000 kWh.

Finally, Poland plans to grant aid to energy-intensive companies. This aid would represent a total amount of 17.4 billion zlotys between 2022 and 2024.

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