• 2021, the year of the new renewable 'boom' in Europe: 60,000 million in investments and more volatility in the bill

The collapse of economic activity in 2020 caused an unprecedented drop in tax collection for

Hydrocarbon Taxes.

Confinement, the rise of teleworking and restrictions on movement during vacations and long weekends significantly reduced the use of private vehicles, consequently, fuel consumption.

Also of the planes, weighed down by a collapse in the number of tourists left by the Covid.

All of this has had a strong impact on public accounts in the midst of the debate over what should be the taxation that falls on gasoline and diesel.

Only until the month of November the fiscal 'gap' produced by lower fuel consumption exceeds

1,758 million euros

compared to the income of the previous year, as reflected in the collection statistics of the

Tax Agency.

This figure represents an unprecedented decrease of 15% and is equivalent, to illustrate its size, to the Budget that the country allocates annually to

Foreign Policy and Development Cooperation

or transfers to the public group Adif to promote High Speed.

The lower collection from gasoline is also compounded by the 67% collapse in revenues

from coal burning,

although in this case the impact is less because collection is more limited.

They are 94 million less until November.

In this case, the fall is linked to the progressive stoppage and closure of coal-fired power plants, which are being displaced from the electricity market by the progressive incorporation of renewable energies.

The worst news for the Government is that these revenue declines are not going to be merely temporary.

The first because sanitary restrictions are being extended in time beyond what was expected and the economic crisis threatens to become structural.

In November, for example, hydrocarbon revenues continued to be 12% lower than in the same month of the previous year.

And secondly, many workers will not return as assiduously to their office in the future due to the consolidation of remote work or, directly, because they have lost their jobs.

Collapse in hydrocarbon tax

In the midst of these changes, the ecological transition is also framed, which is going to mean a great revolution at the fiscal level that will directly and indirectly affect essential goods and services.

The Vice President of Ecological Transition,

Teresa Ribera,

does not hide her intention to increase the tax burden on fuels, although until now she has been unable to make this idea prosper within the Executive.

The last brake came via the PNV when the Basque party conditioned its support for the

General State Budgets

in exchange for the withdrawal of the tax increase on diesel initially projected.

Ribera responded with the creation of

the National Fund for the Sustainability of the Electric System,

with which the ministry he directs intends to download the receipt of regulatory costs such as premiums for renewable energy and distribute them among other fuels such as gas or gasoline.

The result will be a decrease in the bill - which the Government estimates of 13% - and an increase in the assortment of 7 cents per liter.

However, the approval of this mechanism is still 'green'.

At this time, the Ecological Transition technicians are analyzing the allegations submitted by the main agents of the energy sector before raising it to the Council of Ministers and starting its parliamentary processing as a Bill. The industry warns that its introduction comes at the worst moment and it will lead to an increase in the price of gas, since many of its production processes are not electrifiable.

According to the criteria of The Trust Project

Know more

  • PNV

  • ERTE

  • Taxes

Catalonia Sánchez launches for the vote of Podemos to promote Illa on 14-F

Energía2021, the year of the new renewable 'boom' in Europe: 60,000 million in investments and more volatility in the bill

EmploymentMore than 44,000 applications collapsed the Labora website the first morning of Covid aid for freelancers

See links of interest

  • Work calendar

  • Malaga - Real Zaragoza

  • Athletic Club - Valencia CF

  • Liverpool - Manchester City

  • DSC Arminia Bielefeld - SV Werder Bremen

  • Real Betis - Barcelona, ​​live