The Supreme Court turned the financial system upside down for the third time last year. electric social bonddiscount electricity bill this applies to sensitive digits. Electricity companies have fought in the courts for years to avoid bearing the cost of this social policy (currently more than 800 million per year), and successive governments have changed the way the mechanism is funded when the courts have settled with the companies. several times ensured the return of the money contributed to the millionaire.
The Supreme Court overturned the financing model approved by Mariano Rajoy’s last government last year, following a previous ruling by the EU Supreme Court of Justice, and ordered more major electricity companies to be reimbursed for the presumed cost they had discounted. Over a million homes have been on their bills for years. These extraditions have been delayed and the Supreme Court now forces the state to initiate payment social bonus compensation.
After the individual execution cases are presented, the Court of Cassation is obliged to implement the extradition promptly. Endesa, iberdrola And improvisation amounts assumed by regulated electricity tariff marketers between 2016 and 2021. in total about 320 million euros, plus default interest. It also orders the Ministry of Ecological Transition to calculate the corresponding compensation to the subsidiaries of the major electricity companies with which it markets free electricity market rates, which amounts to a million dollars in returns to the energy companies.
The Supreme Court has been issuing successive orders in recent months compelling the State to return. 152.27 million euros to Endesa, 102.8 million to Iberdrola And 64.2 million to Naturgy compensating their marketers in the regulated light market the default cost of funding years of social bonding. The government must now determine what specific compensation other subsidiaries of the same energy groups should receive for the same concept.
Missing deadlines
The almighty gives in chariots a one-month period to the Government to arrange payments owed to regulated trading companies charged to electricity system accounts. According to EL PERIÓDICO DE ESPAÑA from the Prensa Ibérica group, this deadline has already passed, as confirmed by various sources of the actors involved, except for the Naturgy case, but the fertilizers were not produced in violation of the limits set by the courts. .
The court also gave executive power andCalculation of the remaining compensation between one and two months, depending on the situation, without amounts forwarded to companies at this time. The Ministry of Ecological Transition acknowledges that only amounts owed are “in process” of payment, without specifying when this process will end.
Who pays the social bonus?
The electricity social bonus allows you to apply discounts on electricity bills of between 25% and 40%, depending on the degree of sensitivity of customers (currently, as part of anti-crisis measures, discounts have been temporarily increased to 65% and 80% on receipt).
Initially, the cost of this mechanism was borne only by the large electricity companies that had to market the regulated electricity tariff: Iberdrola, Endesa, Naturgy, EDP and Viesgo (These last two, total energies and reply with years). Successive financing system reforms in the wake of judicial riots are expanding the list of companies that have had to bear the cost of deductions for vulnerable households.
Fulfilling the EU’s requirements and after the Supreme Court’s recent annulment, the current Government approved a reform last year that puts the cost of the mechanism on all companies in the electricity sector (marketers, distributors, generators…) without exception. ). As the weight is distributed according to each company’s market share, the bulk of the funding continues to fall to the large energy groups.
The big electricity companies have insisted for years that the Government should bear the cost through the general State budget, because it is a social policy and that the companies should not be charged.
Source: Informacion
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