I covered this earlier but more and more noise is being made about Spain’s new tax the sun policy. I am more surprised at the surprise. Governments recieve a lot of revenue from energy taxes, wether it be the transportation taxes that are tacked on to fuel sources every time they move or import/export duties or usage/consumption taxes on the consumer. How do you think the government is going to be able to continue to provide such high level of benefits when one of their main streams of tax revenue dries up? Of course the revenue has to be replaced. We are seeing the same thing happen with high effciency cars and gasoline/petrol taxes. There are several programs starting to look at a milage tax to replace the revenue I can assume that there will be a consumption tax that is continued to be paid using solar or other renewables.
I would believe that the government will actually end up with more money since they will rationalize that since you are not paying the utility company for the power usage that they can increase the amount of tax you pay for the same watt.
Australia’s Business Spectator published a story on the same subject on Wednesday under the headline, “Spain’s solar stupidity”.
It said: “Imposed by decree, the reform aims to raise money for tackling a €26 billion debt to power producers which the state has built up over the years in regulating energy costs and prices.”