Fedea believes that the system's surplus allows the tax on electricity production to be definitively eliminated

MADRID, 7 Dic.

Fedea believes that the system's surplus allows the tax on electricity production to be definitively eliminated

MADRID, 7 Dic. (EUROPA PRESS) -

The Foundation for Applied Economics Studies (Fedea) has proposed the definitive elimination of the Tax on the Value of Electrical Energy Production (IVPEE), thus alleviating the bill of electricity consumers, since it has considered that the costs of the electrical system are "quite controlled" and there is room.

In a work prepared by Diego Rodríguez (UCM and Fedea), the 'think tank' pointed out that, with "the necessary prudence", there is room for the surplus of the electricity system to be used to "relieve" consumers' bills, always assuming that revenues from emission rights auctions do not reduce in relation to current levels.

The foundation indicated that this surplus could also be used to continue reducing the charges that consumers pay on their bills, although it defends that its purpose is to eliminate the tax that falls on the cost of energy and is therefore paid by consumers. electricity consumers, which had a tax rate of 7% and has been suspended since mid-2021 - although the electricity system has received public income to compensate for this suspension.

In the absence of its definitive closure, Fedea estimated that the 2022 financial year will conclude with an "extraordinary surplus" in the settlement system of the electricity sector, and that despite the notable reduction in regulated income from tolls and charges, fundamentally due to the reduction of the latter in the bill and the fall in electricity demand in the 2021-2022 biennium.

However, he stressed that this significant decrease in income from tolls and charges has been "very more than" compensated by the injection of additional income from transfers from the public sector, which stood at an average value of 2,750 million euros. in 2018-2020, increasing to 3,800 million euros in 2021 and more than 8,000 million in 2022.

Furthermore, he added that price increases in the markets, together with the adoption of various regulatory measures, led to notable reductions in costs associated with the specific remuneration of renewables, cogeneration and waste, as well as a decrease in additional remuneration. perceived by thermal generators in non-peninsular systems.

Likewise, he stated that the cost of the debt of the electrical system will be sharply reduced in fiscal year 2027, with a small final remainder that must be settled in 2028, so the disappearance of that cost, currently around 2,400 million euros annually, "will be a very important element in reducing the system's costs."

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