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Friday, February 23, 2024

Energy – Orlen’s profits. Comments Grażyna Piotrowska-Oliwa

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The VAT charged by state-owned companies goes directly to the State Treasury, which is a huge part of the budget, said Grażyna Piotrowska-Oliwa, manager, investor and former president of the management board of PGNiG in the program “One for One”. She pointed out that also increased inflation “means that we will pay more for all products, VAT will be higher, budget revenues will also be higher”. – We pay for all profits of all companies as individual consumers – she pointed out, referring to Orlen’s record profits.

Energy prices significantly decreased, but it is also worth remembering that if the price of energy on the exchanges is “x”, it does not mean that consumers will buy energy at exactly the same price. There is always something that is referred to in the antimonopoly law as an excessive margin, here there is always a discussion whether 10, 20 or 100 percent. – said Piotrowska-Oliwa.

The talks also focused on the return of the announcement of the introduction of a tax on excess profits. – It is very important what the profit is used for. If it is spent on investments, new technologies, emission reduction, investments in renewable energy, (…) this money will not be wasted – she said.

She stated that the announcement of Orlen’s investments in renewable energy is “a defense against a possible tax”. – Already the first edition of Sasin’s tribute assumed that when the company invests, it will pay less – she said.

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Main photo source: TVN24

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