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POWER: Austria’s New Energy Taxes Threaten Businesses PV Austria Warns

POWER
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The reintroduction of VAT on small PV systems, tightened Energy Crisis Contribution for Electricity (EKB-S) and increased costs for large-scale solar projects in Austria will harm businesses and households, PV Austria has warned.

  • Additionally, the policies also contradict EU recommendations to reduce energy prices through tax cuts, raising concerns about their impact on Austria’s economic competitiveness and energy transition.
  • “Affordable energy is certainly not achievable – quite the opposite,” Herbert Paierl, CEO of PV Austria added.
  • The move comes after the EIB and Austrian banks decided to loan Burgenland Energie €250mn to develop 2GW of wind and solar capacity in Austria by 2030, the EIB said on 5 March.
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The reintroduction of VAT on small PV systems, tightened Energy Crisis Contribution for Electricity (EKB-S) and increased costs for large-scale solar projects in Austria will harm businesses and households, PV Austria has warned.

  • Additionally, the policies also contradict EU recommendations to reduce energy prices through tax cuts, raising concerns about their impact on Austria’s economic competitiveness and energy transition.
  • “Affordable energy is certainly not achievable – quite the opposite,” Herbert Paierl, CEO of PV Austria added.
  • The move comes after the EIB and Austrian banks decided to loan Burgenland Energie €250mn to develop 2GW of wind and solar capacity in Austria by 2030, the EIB said on 5 March.