Portuguese court declares levy on renewable utilities unconstitutional [Reuters]
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Source: Reuters
challenge from companies that have paid hundreds of millions of euros of the so-called CESE levy for years. Renewable power sources such as dams, solar and wind parks supplied 61% of Portugal's electricity in 2023, one of the highest ratios in Europe. The 2024 budget predicted the government would collect 125 million euros ($134 million) from the CESE across the entire energy sector, the same amount as last year. The CESE was introduced in 2014, without including renewables, as part of Portugal's efforts to reduce the budget deficit after a debt crisis and international bailout. Despite being envisaged as a one-off, successive governments have kept the levy in force. In 2019 it was expanded to tax renewable utilities' feed-in tariffs with a new objective - to ultimately reduce the electricity sector's accumulated tariff debt, which resulted from it previously applying regulated electricity prices to end customers that were lower than production costs. In a ruling dated April
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