In order to respond to the situation generated by the increase in electricity prices, within the limits of Directive 2006/112 / EC, of November 28, it is established on an exceptional and temporary basis until December 31, 2021, for electric energy contracts whose fixed power term does not exceed 10 kW, a reduction from 21 to 10 percent in the VAT tax rate that falls on all components of the electricity bill, when the average monthly market price wholesaler in the month prior to billing has exceeded € 45 / MWh.
The objective is to reduce the amount of the electricity bill.
For these purposes, it should be taken into account that this threshold of € 45 / MWh is related to the average price during the month of December 2020 of the forward delivery contracts of electricity in Spain for the year 2021, which for the second half of 2021 is set at € 83.32 / MWh, thus placing this threshold below the expectations of future market prices.
It should also be noted that this measure applies to all electricity supply contracts, provided that the contracted power does not exceed 10 kW, which in reality implies its application to practically all final consumer households, since the average power contracted by domestic consumers is approximately 4.1 kW.
Similarly, the measure will allow a large number of self-employed workers to benefit.
On the other hand, to alleviate situations of energy poverty of the most vulnerable consumers, the VAT rate applicable to the electricity bill of holders of electricity supply contracts who are recipients of the social bonus is also reduced to 10 percent, and also have recognized the condition of severe vulnerable or severe vulnerable at risk of social exclusion, during the period of validity of this royal decree-law, regardless of the price of electricity in the wholesale market.
This measure will benefit approximately 612,000 households with this condition, which represent approximately 50 percent of the total number of households benefiting from the social electricity voucher.
Its entry into force occurs on June 26, 2021.
Source Agencia Tributaria
