Prices with taxes include the Special Tax on Electricity (IEE) of 5.11% and the Value Added Tax (VAT), which as of January 1, 2025 will be 21%, according to Royal Decree-Law 8/2023, of December 27.
The new regulated costs to be applied from January 1, 2025 are specified in the Orden TED/1487/2024, of December 26, which establishes the prices of the charges of the electrical system and establishes various regulated costs of the electrical system for the year 2025, approved by the Ministry for the Ecological Transition and the Demographic Challenge and in the Resolution RAP/DE/009/24, which establishes the access tolls to the transport and distribution networks for 2025, promulgated by the National Commission of Markets and Competition (CNMC).
These prices include the regulated cost associated with the financing mechanism of the Social Bonus, in accordance with Royal Decree-Law 8/2023.
The variations, both upwards and downwards, of the current taxes and regulated concepts will be applied, including, among others, system charges, access tolls, and meter rental. Likewise, any new regulated concept, rate or tax that is created or replaces the current ones, and that is applicable during the term of this contract, may be transferred to the price.
Indexed Price = [(OMIE + AJUSTES + RO + CO) x (1 + PR(%)) + FNEE + BS] x (1 + CD(%)) + ATR
OMIE = Average price for each rate period of the matching result of the Spanish daily electricity market
RO = Remuneration of system operators (REE) and market operators (OMIE)
PR(%) = Losses of the transmission and distribution networks
BS = Contribution to the social bond
ATR = Access tolls
AJUSTES = Includes, among other terms, the costs of adjustment services, interruptibility, capacity payments, and other concepts of the energy supplied in the daily market
CO = Operational Cost of Marketing defined in the particular conditions
FNEE = National Energy Efficiency Fund
CD(%) = Cost of deviations
Additionally, LUMISA will invoice a monthly amount of €3.9, for management expenses by LUMISA.
For the configuration of prices, the ATRs provided for in Circular 3/2020, of January 15, which establishes the methodology for calculating electricity transmission and distribution tolls and Real Decree 148/2021, of March 9, which establishes the methodology for calculating charges for the electricity system.
The variations that occur in the access tolls, charges, taxes and/or any of the taxes that are applicable, even newly created ones, will be passed on to the client, upwards or downwards as appropriate.
The monthly rental price of the electricity meter will be the one set at any time by the Ministry of Industry, Energy and Tourism for the corresponding access rate and charged by the Distribution Company, to which VAT will be added and will be indicated on the invoices issued by LUMISA.
The duration of this contract is 12 months from the date the supply begins. The contract may be extended for successive years in accordance with the General Conditions.