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Interventionism On Electricity That Damages The Free Market

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The increasing wear and tear caused by the unstoppable rise in electricity prices in the Government, before which it has been completely disarmed by its lack of foresight, has led the Executive to take practically unprecedented measures in this market and that, once again, they strive to put electricity companies in the spotlight.

This is demonstrated by the star chapter of the new shock plan to alleviate the rise in the electricity rate, announced after the Council of Ministers yesterday. Well ahead of the new tax cuts (such as the reduction to 0.5% of the Special Tax on Electricity whose effect on collection will now be neutral), is the so-called “temporary reduction”, by decree-law, of the ” extra benefits “obtained by electricity companies.

This hypothetical surplus is related to the maximums that gas has registered in international markets, which will mean the de facto confiscation of about 2,600 million, 90% of the supposed over-revenues. What the Government calls “extraordinary benefits” derives from the fact that electricity generation using CO2-free sources (especially hydroelectric and nuclear) saw its price increase in the wholesale market.

This is an unavoidable situation from the moment gas became the dominant technology in the poolye imposes its high price on all the others. This phenomenon was not created by the electricity companies; Quite the contrary, it is linked to the very functioning of a marginalist market, such as energy, in accordance with the regulations established for the entire European Union.

It is fully legitimate for companies in the sector to already plan their legal response to future ‘expropriations’

The Government, however, prefers to close its eyes to that reality and chooses to launch another underground accusation against the electricity companies, pointing to them as the main beneficiaries of the maximums of electricity. This attitude has already led them to punish them in June with the sharp, unilateral and unforeseen cut in payments to hydro, nuclear and wind energy , the so-called benefits that have fallen from the sky.

The Government takes an unprecedented step by allowing the confiscation of profits obtained by electricity companies

The hypothetical benefit that the electricity companies obtain from the current maximums of electricity is based on a fallacy. This is evidenced by the profit forecasts of these companies for 2021, which are below the average of their peers in the European Union.

But what is really alarming is that the Government puts the very rules of the free market at serious risk by meddling in the income statements of an entire sector, hiding behind arguments that border on the peregrine and populist, such as ensuring that the electricity companies “can afford “This confiscation, as the Government has come to affirm.It is entirely logical that the electricity companies are now preparing their resources against an interventionist measure that, in addition to being unjustifiable, multiplies legal insecurityin a basic and strategic supply.

In the same way, their protest against an energy policy that intends to put all the efforts on them when responding to the critical situation posed by the all-time highs of electricity is reasonable. It was the excessive confidence of the Government, together with the absence of forecast on the resurgence of prices that was already announced at the beginning of this year, which has led to the difficult situation that companies and families are now going through. High prices constitute a major threat to the recovery, which will also multiply public spending due to the revaluations of pensions and civil servants’ salaries. A situation in which the Government’s responses are increasingly worrying.

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Lake County Fl Events

Victim Killed In Green Lake County Car Crash Identified, Police Look For More Information

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Police have identified a man who was killed in a car crash on Highway 23 last month. Authorities, however, are still seeking more information about the deadly crash that also sent one person to a hospital.

Police Looking For Additional Information

A search continues for a witness or witnesses who may have information on the crash, which occurred near County Highway W. on Sept. 29 around 3:20 p.m. According to the Green Lake County Sheriff’s Office, a westbound black Jeep SUV crossed the center line and struck an eastbound white ford SUV head-on, Ripon Press reported.

Victims Identified

According to a crash report, the driver of the white SUV was identified as Appleton resident Steven Scott La Tour, 51. He was pronounced dead at the scene.

Image Credit: quoteinspector.com

Jessica Knueppel, 43, of Fon du Lac was the driver of the Jeep SUV. She was brought to ThedaCare Berlin for treatment.

According to the crash report, Kneuppel looked like she was under the influence of medications, drugs, or alcohol. She was tested to see if her blood contains drugs or alcohol and authorities are still waiting for the results.

Another Crash Happened The Same Day

A press release from Green Lake County Crime Stoppers stated that just 10 minutes earlier on the same day, another crash transpired which involved a red or maroon SUV.

The driver of the red or maroon SUV apparently left his car to check damages but eventually fled the scene, the report said.

Ripon Press quoted Green Lake County Chief Deputy Matthew Vande Kolk saying, “We are attempting to identify the occupants of the red or maroon SUV as we believe they may have information pertaining to the fatal traffic crash investigation.”

Any person who has any information regarding the fatal crash can contact 920-294-4134 Ext. 1151 to speak to a detective or send an email [email protected].

Tipsters may also receive a cash reward for any information that can lead to any eyewitnesses.

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Lake County Fl Events

Man Killed, Stepsons Critically Injured In Car Crash In Illinois

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Fundraiser

A fundraising program has been launched after a family lost their father to a car crash. His two stepsons were critically injured in the same accident in Beach Park Friday evening.

Justin Moland, the coach of the Waukegan Panthers youth baseball team, said in a GoFundMe fundraiser that his players, Giovanny Rodriguez, his brother Alejandro and their stepfather, Jose Hernandez, were involved in the fatal car accident, reported ABC 7 Chicago.

Both Giovanny and Hernandez were a part of the team’s summer league championship season, Moland said. Alejandro played for Waukegan Savages age division team.

The car crash happened around 6:45 p.m. Friday on Green Bay Road north of Wadsworth Road in Beach Park.

The Lake County Sheriff’s Office and Beach Park Fire Department were quick to react to the incident and found a crash involving four vehicles.

As per the preliminary investigation report, a 2017 Jeep Patriot, driven by a 50-year-old woman, tried to pass a truck, and then it hit a tractor and the jeep drove northbound in the lanes of Green Bay Road.

The jeep then crashed into a southbound 2014 Kia Soul, driven by Hernandez, 49, reported Lake & Mchenry County Scanner.

Hernandez was rushed to Vista Medical Center East in an ambulance in Waukegan where the medical examiner announced him dead.

Giovanny, Alejandro Critical

Giovanny and Alejandro suffered critical injuries, and are currently under observation. Moland said that Giovanny is currently in critical condition. He has broken bones and a head injury. Alejandro, on the other hand, suffered a severe concussion and other serious injuries.

The mother, Jackie, is devastated after the accident and loss of her husband, according to Moland.

He called Hernandez a “genuinely good person” who was always “willing to lend a helping hand and have a good time.”

Talking about Giovanny and Alejandro, he said that they are kind-hearted young men who light up a room with their smiles and attitude.

“The Waukegan Panthers team has been deeply affected by this tragedy,” Moland added.

The illegally passing Jeep also crashed into a Ford Explorer that was traveling southbound directly behind Hernandez’s Kia. The driver of the Ford, a 58-year-old woman, and a passenger, a 24-year-old man, were taken to Vista Medical Center East with minor injuries, police said.

The accident is currently being investigated by the Lake County Sheriff’s Technical Crash Investigations Unit.

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Florida Sheriff Seizes Marijuana Weighing 770 Pounds, Searches For Owner To Return It

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Florida Sheriff, Marijuana, Owner

In a bizarre incident, a Florida sheriff has made a public declaration in search of a legal owner of high-grade marijuana weighing 770- pounds, which has a street value of two million dollars, and have it returned.

The Brevard County Sheriff’s Office took to its official Facebook page Thursday to make the eccentric announcement.

“If you happened to have lost or misplaced approximately 770 pounds of high-grade marijuana and would like to have your property returned, please contact our Narcotics Agents and we will be more than happy to reunite you with your lost property!!” Sheriff Wayne Ivey wrote in the Facebook post.

The post came after the Brevard Sherrif’s Office Narcotics Agents seized 770-pounds of marijuana from a storage facility in Viera.

Seized marijuana

Seized marijuana. Credit: Facebook/Brevard County Sheriff’s Office 

In the unusual announcement, the Sheriff’s Office urged the person who owns the misplaced marijuana to step up and claim his property from the Criminal Investigative Services building on Gus Hipp Blvd in Rockledge. The Office also said that they would happily return the drugs and keep the marijuana in a safe place to return it undamaged.

Claim Your Property With No Strings Attached: Police To Owner

“So if the 770 lbs of marijuana belongs to you, all we need you to do is come down to our Criminal Investigative Services building on Gus Hipp Blvd in Rockledge and claim your property with absolutely no strings attached!! Once we properly identify you as the rightful owner we will gladly return your property and also make sure that both you and your property are kept in a secure area so that no one can try to rip you off!!,” Sheriff Wayne Ivey further wrote in the post.

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