Dear Customers,
We would like to inform you about an important change that will affect your electricity bill from 1st January 2025. The Spanish Government has decided to raise the VAT on electricity from 10% to 21%. This increase will be reflected in the total amount of your bill and will apply to all electricity suppliers in the country, including Energy Nordic.
What does this mean for you?
- VAT Increase: The VAT increase from 10% to 21% will result in a noticeable rise in your electricity bill. This change removes the temporary reductions that were applied in previous years to ease the burden on consumers during the energy crisis.
- Electricity Rates: The network access costs have been updated, which may lead to changes in prices depending on the time of day and the type of contract.
- Excess Power: If your consumption exceeds your contracted power, additional charges will be adjusted according to the new rules.
- Reactive Energy: New rates will apply to certain types of consumption, primarily affecting businesses with high use of industrial equipment.
It’s important to note that these changes are not decisions made by Energy Nordic but are mandatory and affect all customers in Spain. We want to ensure you are well informed and prepared for these adjustments.
Frequently Asked Questions:
Why is the VAT going up to 21%?
The decision to return the VAT to 21% is due to the end of temporary measures introduced by the Government to mitigate the impact of the energy crisis. During periods of high energy price volatility, VAT reductions were applied to ease the financial burden on consumers. However, with the stabilisation of energy markets and economic recovery, these measures are ending.
How will this change affect me?
Depending on your consumption, you will notice an increase in your bill due to the VAT rise. This will affect all consumers, regardless of the type of contract or electricity provider.
What can I do to reduce the impact on my bill?
You can review your contract, implement energy-saving measures, use efficient appliances, and compare rates from different providers to find the best deal.
Is it legal to apply the 21% VAT to consumption before January 2025?
Yes, VAT is applied based on the rate in effect at the time the bill is issued, not when the consumption occurred.
For more information, you can consult the official Government bulletin at this link: BOE.
We appreciate your understanding and are available for any questions you may have.
Best regards,
The Energy Nordic Team
