Government allocates 2,000m euros to cover some of the reduction in electricity bill

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The government approved an extraordinary loan 2,000 million euros make it up part of electricity bill discount According to the data of consumers this year and next year, package The fight against inflation was published in the Official State Gazette (BOE) this Wednesday. This figure is not an underestimate when compared to Turkey. star government measure This Tuesday it approved a six-month reduction in VAT on certain foods, to which the Executive has allocated approximately 1,800m euros. It is also more than 10% of the total number. electrical system costsusually costs approx. 17,000 million euros.

In the explanatory wording of the Decree-Law, the Executive justifies this move by “situation”. high electricity prices caused a sharp decline. electrical system charges. The fee component is one of the parts of the electricity bill where renewable energy sources are financed, along with tolls, taxes (reduced to 80%) and the energy price in the wholesale market. -peninsula regions and tariff gap. Executive made a discount invoice fees rate 30% foresees a new reduction of close to 10% for 2023 to mitigate the rise in energy prices.

Also throughout the year tax on production value Electricity, such as the tax deduction of the VAT and Special Electricity Tax bill, will continue until 31 December next year, so the electricity sector must be compensated “as much as possible”. reduction in collection”.

In the absence of these revenues and as added in the text of the Decree, high prices CO2 emission rights had an effectextraordinary income In the 2022 fiscal year”. Specifically, according to the budget implementation report TreasureThe state made collections through these tenders until the end of November. about 3,000 euros, 32% more than a year ago. In fact, the Government declared that these revenues were “one year certain redundancy about the charges.”

Thus, the probability use some or all of that money next year If the electric piggy bank closes the current year with a surplus instead of a deficit, then immediately after the money injection, it provides the opportunity to use this year’s surplus for 2023 electricity bills, “avoid treasure stress“Next year is a mechanism that has been common in recent years.

renewable moratorium

However, this is not the only measure regarding the energy sector. In addition to raising self-consumption limits above 2,000 meters, the Administrator has included another. 3 billion euro loan to finance last resort natural gas ratio (TUR). and approved 18-month moratorium on renewable projects without access permissions to avoid “speculative moves”. This suspension has nothing to do with renewable projects in the pipeline that will expire on January 25, but refers to the “special circumstances” of utilities still unable to discharge electricity into the power grid, according to sources from the Ministry of Transition.

For two years, right of access to the network processed through competition system After identifying nodes with the capacity to allow new installations by Red Eléctrica. None of these competitions have yet emerged, but an instruction has been made public, focusing, among other things, on selecting one of these accesses so that facilities can be put into service as soon as possible. This is according to the royal decree law, “speculative moves by certain agencies that initiate the first steps of the procedures without continuity, block layouts to other agencies that are genuinely interested in developing renewable projects”. Therefore, the Government suspended procedures for projects that “intend to evacuate at tender nodes but still do not have access and connection permissions”.

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