Electricity producers have called for their total cost of discounts and fixed electricity tariffs offered in the market to be deducted from an extraordinary 90 percent tax to be imposed on energy-crisis windfall profits, rather than a deduction of just a percentage of this total cost, as is currently planned.

If the total cost of discounts and fixed electricity tariffs is not deducted from the extraordinary tax, introduced to help fund energy-crisis support measures, then it makes no sense for producers to keep offering discounts, company officials argue.

Heavy taxation after having offered discounts and low fixed tariffs is pointless, especially amid a period of energy crisis, they added.

In other parts of Europe, producers are being offered incentives to maintain tariffs at fixed levels as this approach offers protection at a turbulent time for electricity prices.

The extraordinary measure is planned to tax windfall profits earned by electricity producers between October, 2021 and March, 2022.