Legal tip 78. Electricity companies paying your bills if...
Monday, May 4, 2009 @ 10:02 AM
The Cabinet approved on Friday a Royal Decree that will allow more than five million households to freeze their electricity rates for four years, and in return, the Royal Decree includes an agreement to resolve the shortfall of electricity tariff.
The measure, implemented through a Royal Decree and under the label "social bonus" will be funded by companies that generate electricity and will cover the difference between the value of the rate of last resort (TUR) and a reference rate called the “reduced rate”.
The approved subsidized fee will apply to low income user. Beneficiaries of the bonus will be:
Families with all members unemployed.
Large families (three or more kids)
Those receiving the minimum pension.
Those with a contracted power lower than 3 KW in first residence.
Of course, resident foreigners have same rights as Spanish nationals to be benefited by this bonus.
Maria