The natural gas rate falls by 7.2% from October due to the VAT reduction to 5%

MADRID, 29 Sep. (EUROPA PRESS) -

The Last Resort Rate (TUR) for natural gas will drop by an average of 7.2% as of October 1, with respect to the value in force since July, due to the approval of the gas VAT reduction natural from 21% to 5%, according to sources from the Ministry for the Ecological Transition and the Demographic Challenge.

If the VAT reduction had not been applied, the weighted average TUR for natural gas would have grown by 5.88% in the quarterly revision of October 1.

Specifically, for an average TUR 1 customer, with a consumption of less than or equal to 5,000 kilowatt hours (kWh) per year, this represents a 10.02% decrease in their annual bill with taxes, while without the reduction in VAT it would have increased 3.69%.

For its part, for a TUR 2 customer, with a consumption greater than 5,000 kWh/year and less than or equal to 15,000 kWh/year, it represents a drop of 7.74% in its annual bill with taxes, while without the reduction in VAT would have increased by 6.32%.

For a TUR 3 customer, with a consumption greater than 15,000 kWh/year and less than or equal to 50,000 kWh/year, this represents a 6.61% decrease in their annual bill with taxes, while without the reduction in VAT it would have increased 7.62%.

The Ministry highlights that since the entry into force of RD Law 17/2021 in October 2021, the impact of high natural gas prices on consumers has been mitigated, with savings for an average TUR 1 customer of 102 euros per year, 308 euros per year for TUR 2 and 772 euros per year for one of TUR 3, with respect to the impact of not having adopted the measures.

The TUR is a rate that any consumer connected to natural gas networks with pressure less than or equal to 4 bar and whose annual consumption is less than or equal to 50,000 kWh can apply. Its value is made public in the Official State Gazette (BOE), in application of current regulations, by resolution of the General Directorate of Energy Policy and Mines.

The regulated natural gas rate is revised quarterly on the 1st day of the months of January, April, July and October of each year, and is updated whenever the cost of the raw material included in said rate experiences an upward or downward variation. lower than 2% with respect to the cost of the raw material of the rate in force or in any case when new tolls or fees come into force.

However, as a result of the approval of Royal Decree-Law 17/2021, of September 14, and other subsequent regulations, the increase in the cost of raw materials included in the TUR is limited to 15% until the revision of 1 January 2023.

The difference between the cost of the raw material calculated according to the TUR review methodology and the temporarily limited cost of the raw material will be recovered in successive reviews of the TUR, provided that the increase in the cost of the raw material is less than fifteen%; for this, this value will be increased up to the maximum limit of 15%.