Electricity Bill Rise in Spain: Here Is How Much
VAT returned to 21% and the special electricity tax rose to 5.11%, lifting most household bills by about 15%, officials said.
9 Articles
9 Articles
Electricity bill rise in Spain: Here is how much
Many households across Spain will see their electricity bills jump by around 15 per cent from this month. Temporary tax breaks brought in earlier in the year on energy ended on June 1, adding to costs at a time when hot weather drives up use of fans and air conditioning. VAT on electricity returned to the standard 21 per cent from June. The Special Electricity Tax also goes back up from 0.5… Source
Spain expensives electricity while maintaining advantages for fossil fuels in a decision that has generated a strong reaction within the energy sector. The return of VAT from light to 21% coincides with a time when electricity has a more contained price evolution thanks to the increasing weight of renewable energies in the electricity system. The measure has been questioned by Appa Renovables, who considers it contradictory to promote the electr…
Spain Ends Tax Relief on Gas and Electricity Bills as Energy Prices Ease
Spain has begun withdrawing some of the tax relief measures introduced to cushion households and businesses from high energy costs. From 1 June, the government ended the reduced VAT rates applied to electricity, natural gas, briquettes, pellets and firewood, as well as the temporary cut to the Special Electricity Tax. The decision marks the start of a gradual rollback of the emergency fiscal measures approved in March to address the economic imp…
The government does not prevent the automatic increase of VAT on electricity, gas, briquettes, pellets and firewood, which goes from 10% to 21% since yesterday, nor the jump of the Special Light Tax from 0.5% to 5.11% Read
The month of June starts with an increase in the electricity and gas bill. Since Monday, June 1, the VAT on both supplies returns to the general rate of 21%, abandoning the reduced 10% that was applied until now. According to the economics expert of COPE, Victoria Ballesteros, this will cause average households to pay "a 15% more." An increase that reaches the doors of summer, when the use of air conditioners could raise the invoice "up to 30%".…
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