Living in Spain - Tips & Hints
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THE RATE OF IVA FOR ELECTRICITY IS TO BE CUT FURTHER, FROM 10% TO 5%
The president, Pedro Sanchez has today announced that a reduction of IVA for electricity is to be approved this Saturday, 25th June 2022, in the Council of Ministers.
THE PRICE CAP IS OFFICIALLY ABOUT TO START
It has finally been approved and confirmed with the last signature providing Spain with the highly anticipated price cap.
THE LATEST ON THE APPROVAL OF THE PRICE CAP
However, the temporary measure should be passed today, Friday 13th May during an “extraordinary Council of Ministers meeting”, says Prime Minister Pedro Sanchez.
SOME GOOD NEWS: THE “IBERIAN EXCEPTION”
Finally, after months of waiting and lengthy negotiations, we can confirm that there is an agreement. Spain and Portugal will be able to apply the "Iberian exception" to reduce the cost of ...
OCU CALLS FOR TEMPORARY SUSPENSION OF GAS, ELECTRICITY AND FUEL TAXES
The Organisation of Consumers and Users (OCU) has called for the "immediate and temporary" suspension of all taxes on gas, electricity and fuels in the face of rising energy prices due to Russia's ...
IMPORTANT: GOVERMENT DISCOUNTS 2022
As of 1st January 2022, the toll discount has now been modified to 32.8%. This reduction applies to all suppliers and does not affect the comparison of supplier’s prices; however, it will show a ...
SÁNCHEZ DECLARES WAR ON ELECTRICITY COMPANIES AND WILL CONFISCATE THEIR EXTRA PROFITS TO CAP GAS: “THEY CAN AFFORD IT”.
Tax measures, a review of the regulated tariff and a tool that forces electricity companies to auction energy between marketers and industrialists will be presented.
SPANISH HEATWAVE EXPECTED TO PUSH ELECTRICITY COSTS TO NEW RECORD HIGHS
12.08.2021 | The average price of electricity on the wholesale market reached new record highs on Wednesday for the third consecutive day, with an average price of 113.99€ per megawatt-hour (MWh), ...
SOME GOOD NEWS, IT IS OFFICIAL, THE GOVERNMENT IS TO LOWER THE IVA (VAT) ON ELECTRICITY FROM 21% TO 10%
24.06.2021 | As of today, Thursday 24th June 2021 the Council of Ministers approved the lowering of IVA (VAT) on electricity from the general rate of 21% to a reduced rate of 10% with the aim of ...
ANNUS HORRIBILIS: THE MOST EXPENSIVE ELECTRICITY IN HISTORY
12.05.2021 | Electricity prices for the next 12 months will be the most expensive we have ever seen. In other words, the Annus Horribilis awaits us in the wholesale electricity market.
WHAT IS THE NEW TARIFF & BILLING STRUCTURE AND HOW THE CHANGES WILL AFFECT YOU!
The new 2.0TD access rate comes as a replacement to the old 2.0 and 2.1 in all its modalities. Find out what news it brings with it, schedules, prices and billing periods and how they can affect your ...
ELECTRICITY COST REACHES HISTORICAL MAXIMUM PRICE THIS FRIDAY IN THE MIDDLE OF THE COLD WAVE
The price of electricity has shot up 27% in this start of 2021 due to the strong winter demand and the high costs of gas in the international market. This increase in the price of electricity happens ...
Show next
LEARN & DISCOVER
- Show all
- Energy
- Money & Finance
- Life in Spain
THE RATE OF IVA FOR ELECTRICITY IS TO BE CUT FURTHER, FROM 10% TO 5%
The president, Pedro Sanchez has today announced that a reduction of IVA for electricity is to be approved this Saturday, 25th June 2022, in the Council of Ministers.
THE PRICE CAP IS OFFICIALLY ABOUT TO START
It has finally been approved and confirmed with the last signature providing Spain with the highly anticipated price cap.
THE LATEST ON THE APPROVAL OF THE PRICE CAP
However, the temporary measure should be passed today, Friday 13th May during an “extraordinary Council of Ministers meeting”, says Prime Minister Pedro Sanchez.
SOME GOOD NEWS: THE “IBERIAN EXCEPTION”
Finally, after months of waiting and lengthy negotiations, we can confirm that there is an agreement. Spain and Portugal will be able to apply the "Iberian exception" to reduce the cost of ...
OCU CALLS FOR TEMPORARY SUSPENSION OF GAS, ELECTRICITY AND FUEL TAXES
The Organisation of Consumers and Users (OCU) has called for the "immediate and temporary" suspension of all taxes on gas, electricity and fuels in the face of rising energy prices due to Russia's ...
IMPORTANT: GOVERMENT DISCOUNTS 2022
As of 1st January 2022, the toll discount has now been modified to 32.8%. This reduction applies to all suppliers and does not affect the comparison of supplier’s prices; however, it will show a ...
SÁNCHEZ DECLARES WAR ON ELECTRICITY COMPANIES AND WILL CONFISCATE THEIR EXTRA PROFITS TO CAP GAS: “THEY CAN AFFORD IT”.
Tax measures, a review of the regulated tariff and a tool that forces electricity companies to auction energy between marketers and industrialists will be presented.
SPANISH HEATWAVE EXPECTED TO PUSH ELECTRICITY COSTS TO NEW RECORD HIGHS
12.08.2021 | The average price of electricity on the wholesale market reached new record highs on Wednesday for the third consecutive day, with an average price of 113.99€ per megawatt-hour (MWh), ...
SOME GOOD NEWS, IT IS OFFICIAL, THE GOVERNMENT IS TO LOWER THE IVA (VAT) ON ELECTRICITY FROM 21% TO 10%
24.06.2021 | As of today, Thursday 24th June 2021 the Council of Ministers approved the lowering of IVA (VAT) on electricity from the general rate of 21% to a reduced rate of 10% with the aim of ...
ANNUS HORRIBILIS: THE MOST EXPENSIVE ELECTRICITY IN HISTORY
12.05.2021 | Electricity prices for the next 12 months will be the most expensive we have ever seen. In other words, the Annus Horribilis awaits us in the wholesale electricity market.
WHAT IS THE NEW TARIFF & BILLING STRUCTURE AND HOW THE CHANGES WILL AFFECT YOU!
The new 2.0TD access rate comes as a replacement to the old 2.0 and 2.1 in all its modalities. Find out what news it brings with it, schedules, prices and billing periods and how they can affect your ...
ELECTRICITY COST REACHES HISTORICAL MAXIMUM PRICE THIS FRIDAY IN THE MIDDLE OF THE COLD WAVE
The price of electricity has shot up 27% in this start of 2021 due to the strong winter demand and the high costs of gas in the international market. This increase in the price of electricity happens ...
Show next
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