An unexpected change in family finances
The Tributary Agency has activated a new economic scenario for millions of Spanishs with its recent decision to increase electricity to 21 percent from January 2025. This measure, in addition to being an unexpected reverse, has led to additional effort for households that are already struggling to balance their budget.
IVlative Evolution: Detension to increase
The trajectory of electricity has been marked by significant changes in the last few years. On June 2021, the Spanish government chose to reduce the VAT of 21% as a response to the increase in energy prices. Afterwards, in the summer of 202, in a context of energy crisis, a new decline was implemented, setting it in 5% to the end of 2023.
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With the restore of VAT on 21% early 2025, the repercussions will be palpable. Homes could see their light bills augmented in 10%, an increasing increase that will particularly hit families with lower income. Moreover, the discounts for those who receive the good electric social power have gradually reduced, further complicate the situation for consumers.
Estratègies to compare the Augment
In the face of this disturbing landscape, it’s essential for families to look for ways to adapt and minimize the impact of rising VAT, to the power hired in the real needs of each home is a crucial first step.
Useful tips to reduce consumption
Some effective strategies include:
- [‘Using appliances during the hour of cost.’, ‘Disconnecting devices that are not being used to avoid unnecessary consumption.’, ‘Opting for electric appliances with high energy efficiency.’, ‘Considering the solar panel installations to generate its own energy.’, ‘Reporting on energy efficiency and subsidies.’]
With these measures, families can ease, at least partially, the impact of the increase in their bills of light, it is important to promote a greater awareness about energy consumption and adapt to the new circumstances to deal with the economic challenges that we present.
Looking towards the future
As the entry is approaching in force of this new tax measure, it is important that families start to prepare for more and more challenging economic environment. Education on energy consumption and sustainable solutions support will be to navigate through this new reality.
