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Update on electricity and gas taxes
The Government has published measures that directly affect all your electricity and gas invoices.
How do these changes affect your electricity supply?
1. Starting 1 January 2025, all electricity bills will include the general VAT rate of 21%. Until 31 December 2024, the VAT rate was 10% for contracted power ≤ 10 kW, provided the average wholesale market price in the month before the last day of the billing period was above €45/MWh.*
For example, the average electricity price in February 2024 was €40/MWh*, so bills with billing periods ending in March 2024 applied the 21% VAT rate. The same happened in April, May, and June. However, in June 2024, the average electricity price on the wholesale market exceeded €45/MWh again. Therefore, the VAT rate returned to 10% for bills where the last day of the billing period fell in July 2024. This alternation continued throughout 2024.
*Megawatt-hour: household energy consumption is measured in kilowatt-hours (kWh), while the wholesale electricity market measures it in megawatt-hours (MWh).
2. The Special Tax on Electricity (Impuesto Especial sobre la Electricidad - IEE) returns to a rate of 5.113% from July 2024. It was previously at 0.5%, increased to 2.5% during the first quarter of the year and then to 3.8% until the end of June.
To which items on the bill did the reduced VAT rate apply?
From 1 January 2025, the applicable VAT will always be the general rate (21%) for all items.
In 2024, if your contracted power was equal to or less than 10 kW and the established wholesale market price criterion was met, the VAT payable on bills issued in 2024 was 10% on tolls, energy consumption, and meter rental. Other items on the bill, such as connection, hook-up fees, and services, were always subject to the 21% VAT rate.
How do these changes affect your gas supply?
Starting 1 April 2024, the gas VAT rate returned to 21%. Previously, it was reduced from 5% to 10%, a measure maintained until 31 March 2024.
Comparison of Electricity and Gas Tariffs
You don't need to adapt to Endesa's tariffs because they adapt to you. If you go to our catalogue you can compare the different tariffs for yourself. Or if you prefer, you can answer a few questions and we will take care of comparing all the different electricity and gas tariffs and then make a customised recommendation.
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