The Mitsotakis authorities’s operation to “set fireplace” to liquid fuels and electrical energy is methodical
If something characterizes the liquid gasoline market, it’s the variation in relation to the wholesale market. Nonetheless, one can evaluate costs by yr. We took Might 15 as a reference date and, because it seems, in 2024 there is a rise within the worth of 95 octane gasoline in comparison with 2017 by 22.56% and diesel by 23.92%! What stays as a hard and fast element in Greece are the taxes positioned on the retail worth. That is the good bleeding, since with out liquid gasoline there is no such thing as a motion.
Roughly, in case you add up the direct and oblique taxes (VAT and Particular Consumption Tax), it seems that the buyer pays 65% of the promoting worth. So if a liter of gasoline prices 2 euros, then 1.3 euros is the tax collected by the state! Particularly, the VAT on liquid fuels, which is calculated at a hard and fast quantity per 1,000 liters: gasoline 700 euros or 0.7 euros/liter, diesel 410 euros or 0.41 euros/liter. As well as, there may be the VAT, the RAE reimbursable price, the contribution of the Particular Oil Merchandise Account and the Particular Price for Rights to Carry out Customs Work. This package deal makes the liter costlier by 53%. If all this contains the taxes from the transport prices (tanker) and the fuel station homeowners’ revenue, then 65% of the ultimate retail worth is obtained!
When you might have an inflationary growth and also you wish to assist society and the actual economic system what do you do? Fairly merely, you cut back the tax burden at the very least briefly. Exactly as a result of Kyriakos Mitsotakis did not do it, we’re the nation with the most costly petrol in Europe relative to per capita earnings
We paid electrical energy as much as 400% extra
What occurred and shaped this ugly scenario with the wholesale electrical energy market? Why is such an inconceivable enhance of 52.11% recorded within the worth of a megawatt hour from 2017 (57.003 euros) in comparison with 2023 (119.009 euros)? What brought about this example? The reply lies in what the duo of Mr. Mitsotakis and Kostis Hatzidakis did who took on the duty of destroying society and the actual economic system already in 2019!
The primary is the de-lignitization of electrical energy era. In 2019, the identical yr that Germany was constructing a state-of-the-art lignite plant, Greece determined below the guise of inexperienced vitality to close down the manufacturing of electrical energy from lignite. As if this weren’t sufficient, in November 2021 the identical duo carried out the notorious goal mannequin, i.e. the algorithm from which the retail promoting worth of the kilowatt hour is extracted in relation to the wholesale worth of the megawatt hour.
The primary multiplier that fueled the profiteering was the truth that electrical energy, from no matter supply it was produced, price as a lot because the gasoline that made up the most important proportion within the combine. Subsequently, since lignite, which earlier than 2019 made up roughly 50% of the combination (hydroelectric, RES, pure fuel, and so on.), had decreased to lower than 10%, pure fuel dominated (greater than 40% /day). Thus, for instance, the manufacturing of electrical energy from hydroelectric vegetation, which had zero prices – PPC’s investments had been repaid – price as a lot as pure fuel, which had risen on the Vitality Exchanges. It was the reward of Mitsotakis and Hatzidakis on the expense of society!
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