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How to calculate how much you have to pay on your electricity bill with the VAT reduction

With the price of electricity repeatedly exceeding its historical highs, every citizen is interested in knowing How to calculate how much you have to pay on your electricity bill with the VAT reduction. The Government is trying to cushion the impact of these excessive increases with measures such as the VAT reduction announced from 21% to 10% announced last July, an aid that is always useful to know its influence.

One of the pages that best allows us analyze in detail our electricity bill it is simulatorfacturaluz.es, a project managed by a web programmer that provides useful information on the electricity market. In it we will find not only the updated prices of all the marketers, but we can also do simulations with our consumption to see which is the one that best suits us.

To be able to see the real influence of VAT, click on the ‘Invoice simulator’ tab, and then, in the menu on the right, access ‘Your rate’. On that page we will have to scroll to the bottom doing a lot scroll until we find the ‘Your data’ section, and there we can enter the particularities of our invoice.

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When we fill in all the data, we will find that one of the last sections is the VAT, which is automatically already set in 10% already applied to invoices. However, we can change it to the previous 21%, in order to obtain the two prices and make a comparison on the price variation with the previous tax and the current one.

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This tool is key to be able to analyze well what type of rate should we hire depending on our consumption habits to obtain the cheapest possible price. Concern about electricity consumption has become in recent months one of the main concerns of Spaniards due to the historical highs in the market, a trend that does not seem to be abated in the coming months, so the more information we have, the better our final decision will be.

The National Commission for Markets and Competition also has your own simulator of the electricity bill, but analyzes fewer variables than the one previously outlined. The update with the news that affect the electricity market It also makes this page a highly recommended consultation tool for any user.

New measures to lower the invoice

The Council of Ministers has set itself the objective of implementing new measures to lower the invoice until the end of the year after verifying how the VAT reduction has been practically swallowed up by the successive increases that have occurred in the last summer months. In this way, the Special Tax on Electricity will also drop from 5.11% to 0.5%, the minimum required by European legislation and other measures will be taken to to protect the pocket of the citizens.

In addition to analyzing your consumption habits with simulators, it is important to note that choosing your appliances is vital when it comes to influencing your monthly electricity bill. The level of energy efficiency is a key factor to minimize the environmental impact of our purchases and also to save on future bills.

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