The government has fulfilled Sanchez’s promise that electricity bills in 2021 will be similar to those of 2018.

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The government considers “fulfilled” the commitment made by President Pedro Sanchez last September that the final electricity bill “will be similar in 2021 and 2018, which will reduce inflation,” ministry sources said on Tuesday, citing environmental shifts and demographic challenges.

Theresa Ribera’s Department points out that the European Statistical Agency, Eurostat, has published electricity prices paid by households in the EU for 2021. “Taxes were 0.243 kWh in 2018 and 0.257 kWh in 2021.”

“If we use the increase in inflation (6.8%) from December 2018 to December 2021 on the price of 2018, we have the price of 2018, adjusted for inflation of € 0.2595 / kWh, which is higher than the above price of 2021. 0.257 Euro / kWh. “. This finding coincides with an analysis of 2 million invoices in CaixaBank conducted by the unit’s research department in January.

Ecological Transition emphasizes that Eurostat “publishes its data according to a homogeneous methodology and is approved in public regulation and uses information about prices actually passed on by marketers to their clients”.

Electricity tax increases, according to Eurostat, are much lower than those reported by the National Institute of Statistics (INE). The Spanish statistical authority estimates in its calculations only stocks covered by a voluntary price (PVPC) at a regulated rate. About 40% of the low voltage supply is covered by it and it is directly indexed to the electricity wholesale market, which set a record high of more than twenty in the second half of 2021 due to the historic growth of natural gas. But the INE photo is partial.

The body plans to change the methodology from January next year to introduce a new one that also includes a free market that has been in the majority for years and has more stable prices than it was last year. Elevated. This partial picture distorts official inflation statistics. INE expects to release final CPI data for March, up from 9.8% in advance a few days ago.

Source: El Diario

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