The Government is preparing a cut in VAT on electricity bills, from 21 to 10 per cent, and aims to approve it next Thursday. This tax accounts for a quarter of the total amount, and the measure will be approved this Thursday at the Council of Ministers. Consumer organisations such as FACUA have been calling for a reduction along these lines for years.
The reduction in the tax burden will apply to household consumers, singled out by the Government, but also to small and medium-sized businesses (SMEs), which will receive the same cut. The former will benefit from this change of course if they have contracted a power of up to six kilowatts, while for small and medium-sized businesses the figure is 15.
In addition, this new VAT rate would be permanent, so it is not a temporary measure due to the rise in the cost of electricity. In fact, several user associations have warned that this June the bill could be the most expensive in history.
Since 1 June, the peak period (from 10.00 to 14.00 and from 18.00 to 22.00) has been the most expensive, the standard period (from 8.00 to 10.00, from 14.00 to 18.00 and from 22.00 to 00.00) has an average price, and the off-peak period (from 00.00 to 8.00, and at weekends and national public holidays) is the cheapest.
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