The Government will approve this Thursday the provisional lowering of VAT on electricity from 21% to 10%

The Government plans to bring to the Council of Ministers this Thursday the reduction of the VAT on electricity to 10%, compared to the current 21%, according to Cadena SER has advanced and sources from the Executive confirm to this newspaper. The idea is that it is a temporary measure, that it is extended during the current period of rising costs of the invoice that, according to various experts, will be extended at least this year.

The measure has been discussed and approved this Monday in the General Commission of Secretaries of State and Undersecretaries to take it to the Council of Ministers on Thursday. But it is not closed. Details as relevant as how much power it affects remain to be discussed, since there are different opinions in the Government.

Source from United Podemos confirmed to the Efe agency that the reduction of VAT on electricity from the general rate (21%) to the reduced rate (10%) will be addressed in the extraordinary Council of Ministers scheduled for Thursday. The Minister for the Ecological Transition, Teresa Ribera, opened the possibility last week for a reduction in electricity taxes “on an exceptional and provisional basis” to stop the rise in the price of electricity.

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