FACUA rejects that electricity companies be exempted from the generation tax and that VAT only be lowered for 6 months
The association calls on the Government to keep VAT for domestic consumers at 10% on a permanent basis and to use surplus generation tax to reduce costs.
FACUA.org
Spain-22/06/2021
FACUA-Consumers in Action rejects the Government’s decision to exempt electricity companies from the generation tax and to only lower VAT for six months.
The association calls on the coalition Government (PSOE-Unidas Podemos) to, instead of eliminating the generation tax for a period of time, use the surpluses it is collecting this year to reduce the regulated charges paid by users. Although the forecast for this year is that the part of the tax that depends on the marginalist auction (pool) would represent revenue of 900 million euros for the state coffers, the brutal rise in tariffs is causing the figure to increase, so that by the end of the year it could be around 1,400 million Euros.
Given that the elimination of the generation tax will not prevent electricity c
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