New urgent measures against the current energy crisis from March 31

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New urgent measures against the current energy crisis from March 31

New urgent measures against the current energy crisis from March 31


Energy Sector Saving Bills 0


Due to the rise in the price of electricity due to the lack of energy production and the dependence on gas to produce the energy we need, the Government has approved a plan with a series of urgent measures. The National Plan respond to the economic consequences and social problems of the war in Ukraine that will affect your electricity bill.

For this reason, Royal Decree-Law 6/2022, of March 29, has been published, which will come into force on March 31, 2022 and will have effect until June 30, 2022. Below, we detail the measures that are introduced by RDL 6/2022:

Value Added Tax (VAT)

RDL 6/2022 has extended until June 30, 2022 the application of the reduced VAT rate of 10%, which went from 21% to 10%, on the electricity bill in favor of the holders of electricity supply contracts whose contracted power is less than or equal to 10 kW, provided that the monthly average price of the wholesale market in the month prior to the billing exceeds €45/MWh.

Special Tax on Electricity (IEE)

RDL 6/2022 has extended until June 30, 2022 the application of the reduced rate of 0.5% of the Tax on Electricity, which was set at 5.11269632% in Law 38/1992, of December 28 , of Special Taxes.

Reduction of charges included in the electricity bill

During the period from March 31, 2022 to June 30, 2022, RDL 6/2022 has reduced the prices applicable to the different charges in the term of energy and power of your electricity bill.

This reduction will mean, according to Government estimates, a reduction of €6 in the monthly bill of an average consumer.

Remember that on your next electricity bill you will see two prices for energy and power, some prices applicable until March 30, 2022 and others from March 31, 2022.

You can find the table of the prices of the different reduced charges in the first additional provision of Royal Decree-law 6/2022.

Sources:

Royal Decree-Law 6/2022, of March 29, by which urgent measures are adopted within the framework of the National Plan to respond to the economic and social consequences of the war in Ukraine. 

WATIOFY


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